Impact Partnership Wealth LLC bought a new position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,102 shares of the basic materials company’s stock, valued at approximately $420,000.
Several other institutional investors have also recently added to or reduced their stakes in SQM. Royal Bank of Canada lifted its stake in Sociedad Quimica y Minera by 18.5% during the first quarter. Royal Bank of Canada now owns 198,789 shares of the basic materials company’s stock worth $7,898,000 after purchasing an additional 31,066 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Sociedad Quimica y Minera by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 358,646 shares of the basic materials company’s stock worth $14,249,000 after purchasing an additional 125,506 shares during the last quarter. Cetera Investment Advisers increased its position in Sociedad Quimica y Minera by 20.4% during the second quarter. Cetera Investment Advisers now owns 20,886 shares of the basic materials company’s stock worth $737,000 after buying an additional 3,545 shares during the period. Invesco Ltd. increased its position in Sociedad Quimica y Minera by 38.3% during the second quarter. Invesco Ltd. now owns 159,027 shares of the basic materials company’s stock worth $5,609,000 after buying an additional 44,062 shares during the period. Finally, First Trust Advisors LP increased its position in Sociedad Quimica y Minera by 3.0% during the second quarter. First Trust Advisors LP now owns 124,575 shares of the basic materials company’s stock worth $4,394,000 after buying an additional 3,634 shares during the period. Hedge funds and other institutional investors own 12.41% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on SQM shares. Wall Street Zen raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Friday, March 27th. Scotiabank lifted their price target 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. Finally, Bank of America lifted their price target on Sociedad Quimica y Minera from $49.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 25th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $71.83.
Sociedad Quimica y Minera Trading Up 2.2%
NYSE:SQM opened at $85.89 on Friday. The firm has a market cap of $24.53 billion, a P/E ratio of 30.14, a PEG ratio of 0.26 and a beta of 1.00. The company has a current ratio of 2.76, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $84.80 and its 200-day simple moving average is $75.56. Sociedad Quimica y Minera S.A. has a 12-month low of $29.36 and a 12-month high of $98.00.
Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last released its earnings results on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. The business had revenue of $1.76 billion for the quarter. Sociedad Quimica y Minera had a return on equity of 11.99% and a net margin of 15.38%. Equities analysts anticipate that Sociedad Quimica y Minera S.A. will post 6.96 EPS for the current year.
Sociedad Quimica y Minera Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were issued a $1.0295 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.8%. Sociedad Quimica y Minera’s payout ratio is presently 92.98%.
About Sociedad Quimica y Minera
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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