Sociedad Quimica y Minera S.A. $SQM is Peregrine Investment Management Inc.’s 4th Largest Position

Peregrine Investment Management Inc. reduced its position in Sociedad Quimica y Minera S.A. (NYSE:SQMFree Report) by 32.1% in the 4th quarter, Holdings Channel reports. The firm owned 148,831 shares of the basic materials company’s stock after selling 70,319 shares during the period. Sociedad Quimica y Minera makes up 6.4% of Peregrine Investment Management Inc.’s holdings, making the stock its 4th biggest holding. Peregrine Investment Management Inc.’s holdings in Sociedad Quimica y Minera were worth $10,240,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SQM. GAMMA Investing LLC increased its position in Sociedad Quimica y Minera by 138.4% in the 4th 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 during the period. Fulcrum Asset Management LLP acquired a new position in Sociedad Quimica y Minera in the 3rd quarter valued at about $43,000. Signaturefd LLC increased its position in 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 acquiring an additional 177 shares during the period. Triumph Capital Management acquired a new position in Sociedad Quimica y Minera in the 3rd quarter valued at about $49,000. Finally, Advisory Services Network LLC acquired a new position in Sociedad Quimica y Minera in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Quimica y Minera Trading Up 1.3%

NYSE SQM opened at $94.68 on Wednesday. The business’s 50 day moving average is $82.48 and its two-hundred day moving average is $72.42. Sociedad Quimica y Minera S.A. has a 12-month low of $29.36 and a 12-month high of $98.00. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 46.18, a PEG ratio of 0.26 and a beta of 1.00.

Sociedad Quimica y Minera (NYSE:SQMGet Free Report) last released its earnings results on Saturday, February 14th. The basic materials company reported $0.64 earnings per share (EPS) 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 7.3 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be given a dividend of $1.0295 per share. The ex-dividend date is Friday, May 8th. This represents a $4.12 annualized dividend and a yield of 4.3%. Sociedad Quimica y Minera’s payout ratio is presently 130.73%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SQM. Deutsche Bank Aktiengesellschaft boosted their price target on Sociedad Quimica y Minera from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, March 4th. Wall Street Zen upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. boosted their price target on Sociedad Quimica y Minera from $79.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.42.

Check Out Our Latest Report on Sociedad Quimica y Minera

Sociedad Quimica y Minera Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sociedad Quimica y Minera S.A. (NYSE:SQMFree Report).

Institutional Ownership by Quarter for Sociedad Quimica y Minera (NYSE:SQM)

Receive News & Ratings for Sociedad Quimica y Minera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera and related companies with MarketBeat.com's FREE daily email newsletter.