Sociedad Quimica y Minera S.A. $SQM Shares Bought by Sava Infond d.o.o.

Sava Infond d.o.o. grew its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,670 shares of the basic materials company’s stock after purchasing an additional 7,200 shares during the quarter. Sava Infond d.o.o.’s holdings in Sociedad Quimica y Minera were worth $1,834,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. State of Wyoming increased its holdings in Sociedad Quimica y Minera by 96.1% in the third quarter. State of Wyoming now owns 2,061 shares of the basic materials company’s stock valued at $89,000 after buying an additional 1,010 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Sociedad Quimica y Minera by 57.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,011 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 1,096 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Sociedad Quimica y Minera by 2,093.3% during the second quarter. Hantz Financial Services Inc. now owns 3,926 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 3,747 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Sociedad Quimica y Minera in the third quarter worth $139,000. Finally, Raymond James Financial Inc. bought a new stake in Sociedad Quimica y Minera during the second quarter valued at $146,000. Institutional investors own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

SQM has been the topic of a number of recent research reports. Rothschild & Co Redburn assumed coverage on shares of Sociedad Quimica y Minera in a research report on Friday, October 24th. They issued a “neutral” rating and a $54.00 price target on the stock. UBS Group set a $79.00 target price on Sociedad Quimica y Minera in a research report on Wednesday, December 17th. Clarkson Capital reissued a “neutral” rating and set a $90.00 price target on shares of Sociedad Quimica y Minera in a report on Thursday, January 22nd. Citigroup lowered shares of Sociedad Quimica y Minera from a “buy” rating to a “neutral” rating and upped their price target for the stock from $51.00 to $74.00 in a research report on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sociedad Quimica y Minera presently has an average rating of “Moderate Buy” and a consensus target price of $69.79.

Sociedad Quimica y Minera Stock Down 0.4%

SQM stock opened at $71.81 on Friday. The firm’s 50-day moving average is $74.15 and its two-hundred day moving average is $57.45. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of 39.24 and a beta of 0.99. Sociedad Quimica y Minera S.A. has a 52 week low of $29.36 and a 52 week high of $86.13. The company has a current ratio of 2.82, a quick ratio of 1.88 and a debt-to-equity ratio of 0.68.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). Sociedad Quimica y Minera had a net margin of 12.12% and a return on equity of 9.79%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were given a dividend of $0.1236 per share. The ex-dividend date was Tuesday, December 30th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is 6.56%.

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.