Barings LLC bought a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 77,312 shares of the basic materials company’s stock, valued at approximately $5,319,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake 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 valued at $30,000 after purchasing an additional 256 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Sociedad Quimica y Minera during the third quarter valued at $43,000. Signaturefd LLC raised 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 worth $45,000 after purchasing an additional 177 shares during the last quarter. Triumph Capital Management purchased a new position in shares of Sociedad Quimica y Minera in the 3rd quarter worth about $49,000. Finally, Leonteq Securities AG bought a new position in Sociedad Quimica y Minera in the 4th quarter worth about $58,000. Institutional investors own 12.41% of the company’s stock.
Sociedad Quimica y Minera Price Performance
NYSE SQM opened at $80.37 on Friday. Sociedad Quimica y Minera S.A. has a one year low of $31.90 and a one year high of $98.00. The stock has a 50-day moving average of $84.81 and a 200 day moving average of $77.03. The company has a market capitalization of $22.96 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 0.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76.
Sociedad Quimica y Minera Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were issued a $1.0295 dividend. This represents a $4.12 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, May 8th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is presently 92.98%.
Analyst Ratings Changes
Several analysts recently commented on SQM shares. JPMorgan Chase & Co. downgraded shares of Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $94.00 to $100.00 in a research report on Tuesday, June 2nd. Bank of America upped their target price on shares of Sociedad Quimica y Minera from $49.00 to $53.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 25th. Wall Street Zen upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. The Goldman Sachs Group set a $100.00 price target on shares of Sociedad Quimica y Minera in a research report on Tuesday, June 2nd. Finally, CLSA upgraded shares of Sociedad Quimica y Minera to an “outperform” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $75.50.
View Our Latest Analysis on Sociedad Quimica y Minera
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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