Boston Common Asset Management LLC Buys 10,800 Shares of Sociedad Quimica y Minera S.A. $SQM

Boston Common Asset Management LLC raised its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 21.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,518 shares of the basic materials company’s stock after buying an additional 10,800 shares during the quarter. Boston Common Asset Management LLC’s holdings in Sociedad Quimica y Minera were worth $4,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sociedad Quimica y Minera in the fourth quarter worth about $29,000. GAMMA Investing LLC grew its stake in 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 valued at $30,000 after acquiring an additional 256 shares in the last quarter. Signaturefd LLC grew its stake in Sociedad Quimica y Minera by 37.0% during the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 177 shares in the last quarter. Leonteq Securities AG bought a new stake in Sociedad Quimica y Minera during the 4th quarter worth approximately $58,000. Finally, Ameriflex Group Inc. bought a new stake in Sociedad Quimica y Minera during the 4th quarter worth approximately $60,000. 12.41% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera Stock Down 0.2%

SQM stock opened at $69.67 on Monday. The company’s 50 day moving average is $78.41 and its 200 day moving average is $78.81. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 0.19 and a beta of 0.97. The company has a current ratio of 2.76, a quick ratio of 2.01 and a debt-to-equity ratio of 0.58. Sociedad Quimica y Minera S.A. has a 1-year low of $35.67 and a 1-year high of $98.00.

Sociedad Quimica y Minera (NYSE:SQM) last announced its earnings results on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%. The business had revenue of $1.76 billion during the quarter. Sell-side analysts predict that Sociedad Quimica y Minera S.A. will post 7.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Bank of America raised their price target on shares of Sociedad Quimica y Minera from $49.00 to $53.00 and gave the company an “underperform” rating in a report on Wednesday, March 25th. Wall Street Zen raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, June 24th. Scotiabank increased their price objective on Sociedad Quimica y Minera from $100.00 to $105.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. lowered Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $94.00 to $100.00 in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sociedad Quimica y Minera presently has an average rating of “Hold” and a consensus target price of $74.58.

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.