Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQMFree Report) by 5.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,895 shares of the basic materials company’s stock after selling 899 shares during the period. Commonwealth Equity Services LLC’s holdings in Sociedad Química y Minera de Chile were worth $831,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Sociedad Química y Minera de Chile by 9.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,992,151 shares of the basic materials company’s stock valued at $120,387,000 after acquiring an additional 172,908 shares during the period. Robeco Schweiz AG raised its stake in shares of Sociedad Química y Minera de Chile by 23.4% in the 1st quarter. Robeco Schweiz AG now owns 1,407,650 shares of the basic materials company’s stock valued at $69,200,000 after acquiring an additional 267,005 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Sociedad Química y Minera de Chile by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,006,607 shares of the basic materials company’s stock valued at $60,618,000 after acquiring an additional 878,933 shares during the period. Prudential PLC purchased a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at approximately $30,572,000. Finally, Compass Group LLC raised its stake in shares of Sociedad Química y Minera de Chile by 32.1% in the 4th quarter. Compass Group LLC now owns 262,188 shares of the basic materials company’s stock valued at $15,789,000 after acquiring an additional 63,690 shares during the period. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Trading Down 3.1 %

Shares of NYSE:SQM opened at $40.23 on Wednesday. Sociedad Química y Minera de Chile S.A. has a 52 week low of $38.50 and a 52 week high of $81.50. The company’s 50 day moving average is $45.11 and its two-hundred day moving average is $46.92. The company has a current ratio of 2.34, a quick ratio of 1.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $11.49 billion, a PE ratio of 28.94, a P/E/G ratio of 15.62 and a beta of 1.04.

Sociedad Química y Minera de Chile (NYSE:SQMGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The basic materials company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of ($1.72) by $2.52. Sociedad Química y Minera de Chile had a net margin of 6.25% and a return on equity of 30.74%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Equities analysts predict that Sociedad Química y Minera de Chile S.A. will post 1.12 earnings per share for the current fiscal year.

Sociedad Química y Minera de Chile Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th were issued a $0.2134 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Thursday, May 9th. Sociedad Química y Minera de Chile’s payout ratio is 41.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SQM shares. BMO Capital Markets reduced their price target on shares of Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Sociedad Química y Minera de Chile from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Jefferies Financial Group raised shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and upped their target price for the stock from $52.00 to $62.80 in a research note on Monday, April 8th. Bank of America cut their target price on shares of Sociedad Química y Minera de Chile from $48.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 4th. Finally, The Goldman Sachs Group cut their target price on shares of Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Sociedad Química y Minera de Chile currently has an average rating of “Hold” and an average target price of $60.81.

View Our Latest Analysis on SQM

Sociedad Química y Minera de Chile Profile

(Free Report)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

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Institutional Ownership by Quarter for Sociedad Química y Minera de Chile (NYSE:SQM)

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