ABN Amro Investment Solutions purchased a new position in Sociedad Quimica y Minera S.A. (NYSE:SQM – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,755 shares of the basic materials company’s stock, valued at approximately $1,150,000.
A number of other institutional investors have also recently added to or reduced their stakes in SQM. State of Wyoming boosted its holdings in shares of Sociedad Quimica y Minera by 96.1% during the third quarter. State of Wyoming now owns 2,061 shares of the basic materials company’s stock valued at $89,000 after acquiring an additional 1,010 shares during the period. Jones Financial Companies Lllp boosted its stake in Sociedad Quimica y Minera by 57.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,011 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 1,096 shares during the period. Hantz Financial Services Inc. grew its position in Sociedad Quimica y Minera by 2,093.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,926 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 3,747 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Sociedad Quimica y Minera in the third quarter valued at approximately $139,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Sociedad Quimica y Minera during the second quarter valued at approximately $146,000. 12.41% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on SQM shares. Zacks Research upgraded Sociedad Quimica y Minera from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Citigroup lowered Sociedad Quimica y Minera from a “buy” rating to a “neutral” rating and raised their price target for the company from $51.00 to $74.00 in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Monday, December 29th. The Goldman Sachs Group restated a “neutral” rating and set a $63.00 price target (up from $45.00) on shares of Sociedad Quimica y Minera in a research report on Thursday, December 4th. Finally, UBS Group set a $79.00 price objective on shares of Sociedad Quimica y Minera in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.79.
Sociedad Quimica y Minera Trading Up 1.0%
Shares of NYSE SQM opened at $70.84 on Tuesday. The company has a quick ratio of 1.88, a current ratio of 2.82 and a debt-to-equity ratio of 0.68. Sociedad Quimica y Minera S.A. has a 12 month low of $29.36 and a 12 month high of $86.13. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 38.71 and a beta of 0.99. The business has a fifty day simple moving average of $73.52 and a 200-day simple moving average of $56.73.
Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last posted its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). Sociedad Quimica y Minera had a return on equity of 9.79% and a net margin of 12.12%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. Sociedad Quimica y Minera’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.
Sociedad Quimica y Minera Announces Dividend
The company also recently disclosed a special dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were paid a $0.1236 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is currently 6.56%.
Sociedad Quimica y Minera Company Profile
Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.
SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.
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