Diversify Advisory Services LLC Reduces Holdings in Sociedad Quimica y Minera S.A. $SQM

Diversify Advisory Services LLC trimmed its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 68.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,286 shares of the basic materials company’s stock after selling 7,151 shares during the period. Diversify Advisory Services LLC’s holdings in Sociedad Quimica y Minera were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC grew its position in shares of Sociedad Quimica y Minera by 37.0% in the 4th quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after buying an additional 177 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Sociedad Quimica y Minera by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 256 shares during the last quarter. Blue Trust Inc. grew its position in shares of Sociedad Quimica y Minera by 23.5% during the fourth quarter. Blue Trust Inc. now owns 2,669 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 507 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Sociedad Quimica y Minera by 26.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,905 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 616 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Sociedad Quimica y Minera by 10.7% during the third quarter. US Bancorp DE now owns 6,719 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 652 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SQM has been the topic of a number of research reports. Wall Street Zen upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Sociedad Quimica y Minera from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Zacks Research lowered shares of Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. BMO Capital Markets restated an “outperform” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, March 4th. Finally, Clarkson Capital restated a “neutral” rating and set a $90.00 target price on shares of Sociedad Quimica y Minera in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.42.

Sociedad Quimica y Minera Trading Up 8.7%

Shares of SQM stock opened at $95.26 on Friday. Sociedad Quimica y Minera S.A. has a twelve month low of $29.36 and a twelve month high of $95.46. The business’s 50 day moving average is $77.00 and its two-hundred day moving average is $66.82. The company has a market capitalization of $27.21 billion, a P/E ratio of 46.47 and a beta of 0.95. The company has a current ratio of 3.27, a quick ratio of 2.25 and a debt-to-equity ratio of 0.52.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings data on Saturday, February 14th. The basic materials company reported $0.64 earnings per share for the quarter. Sociedad Quimica y Minera had a return on equity of 9.69% and a net margin of 12.85%.The company had revenue of $1.32 billion for the quarter. Equities analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Sociedad Quimica y Minera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be issued a $1.0295 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 8th. Sociedad Quimica y Minera’s payout ratio is currently 5.85%.

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.