Lazard Asset Management LLC Invests $294,000 in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Lazard Asset Management LLC bought a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,832 shares of the basic materials company’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp grew its position in Sociedad Química y Minera de Chile by 1.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 17,000 shares of the basic materials company’s stock valued at $857,000 after buying an additional 200 shares in the last quarter. Brinker Capital Investments LLC bought a new position in Sociedad Química y Minera de Chile in the 4th quarter valued at about $1,078,000. Bank of America Corp DE grew its position in Sociedad Química y Minera de Chile by 18.8% in the 4th quarter. Bank of America Corp DE now owns 497,621 shares of the basic materials company’s stock valued at $25,095,000 after buying an additional 78,835 shares in the last quarter. Raymond James & Associates grew its position in Sociedad Química y Minera de Chile by 191.3% in the 4th quarter. Raymond James & Associates now owns 26,805 shares of the basic materials company’s stock valued at $1,352,000 after buying an additional 17,604 shares in the last quarter. Finally, Hedges Asset Management LLC bought a new position in Sociedad Química y Minera de Chile in the 4th quarter valued at about $1,873,000. Hedge funds and other institutional investors own 19.99% of the company’s stock.

A number of brokerages have weighed in on SQM. StockNews.com began coverage on shares of Sociedad Química y Minera de Chile in a report on Thursday, March 31st. They issued a “hold” rating for the company. Loop Capital began coverage on shares of Sociedad Química y Minera de Chile in a report on Monday, January 24th. They issued a “buy” rating and a $102.00 price target for the company. Scotiabank raised shares of Sociedad Química y Minera de Chile from an “underperform” rating to a “sector perform” rating in a report on Monday, March 14th. BMO Capital Markets upped their price target on shares of Sociedad Química y Minera de Chile from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, March 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Sociedad Química y Minera de Chile from $91.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Sociedad Química y Minera de Chile has a consensus rating of “Hold” and a consensus price target of $74.56.

NYSE SQM opened at $83.61 on Friday. The company has a 50 day simple moving average of $79.51 and a 200-day simple moving average of $65.78. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.62 and a quick ratio of 3.43. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 0.30 and a beta of 0.77. Sociedad Química y Minera de Chile S.A. has a 52-week low of $40.53 and a 52-week high of $90.87.

Sociedad Química y Minera de Chile (NYSE:SQMGet Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. Sociedad Química y Minera de Chile had a net margin of 20.45% and a return on equity of 19.57%. On average, analysts predict that Sociedad Química y Minera de Chile S.A. will post 6.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Friday, April 29th were issued a $0.063 dividend. The ex-dividend date was Thursday, April 28th. This represents a $0.25 dividend on an annualized basis and a yield of 0.30%. Sociedad Química y Minera de Chile’s dividend payout ratio is currently 12.08%.

About Sociedad Química y Minera de Chile (Get Rating)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

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Institutional Ownership by Quarter for Sociedad Química y Minera de Chile (NYSE:SQM)

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