Centiva Capital LP Purchases Shares of 11,999 Sociedad Quimica y Minera S.A. $SQM

Centiva Capital LP purchased a new position in Sociedad Quimica y Minera S.A. (NYSE:SQM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,999 shares of the basic materials company’s stock, valued at approximately $516,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV increased its position in shares of Sociedad Quimica y Minera by 5.4% in the 2nd quarter. KBC Group NV now owns 118,007 shares of the basic materials company’s stock valued at $4,162,000 after acquiring an additional 6,087 shares during the period. Integrated Quantitative Investments LLC acquired a new stake in Sociedad Quimica y Minera during the 2nd quarter worth about $1,678,000. Boston Common Asset Management LLC purchased a new stake in Sociedad Quimica y Minera during the 3rd quarter valued at about $2,767,000. Robeco Institutional Asset Management B.V. grew its stake in Sociedad Quimica y Minera by 33.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 71,429 shares of the basic materials company’s stock valued at $3,070,000 after purchasing an additional 17,869 shares during the last quarter. Finally, Peregrine Investment Management Inc. increased its holdings in shares of Sociedad Quimica y Minera by 58.6% in the third quarter. Peregrine Investment Management Inc. now owns 219,150 shares of the basic materials company’s stock valued at $9,419,000 after purchasing an additional 80,970 shares during the period. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SQM has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Sociedad Quimica y Minera from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. HSBC upgraded shares of Sociedad Quimica y Minera to a “strong-buy” rating in a research note on Monday, January 19th. JPMorgan Chase & Co. upped their price objective on shares of Sociedad Quimica y Minera from $79.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sociedad Quimica y Minera in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sociedad Quimica y Minera has an average rating of “Moderate Buy” and an average price target of $70.63.

Sociedad Quimica y Minera Stock Performance

Shares of SQM stock opened at $74.58 on Monday. The company has a current ratio of 3.27, a quick ratio of 2.25 and a debt-to-equity ratio of 0.52. Sociedad Quimica y Minera S.A. has a 12-month low of $29.36 and a 12-month high of $86.13. The business’s 50 day moving average is $75.91 and its two-hundred day moving average is $60.88. The company has a market capitalization of $21.30 billion, a P/E ratio of 36.38 and a beta of 0.99.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Friday, February 27th. The basic materials company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.11). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. Analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

Sociedad Quimica y Minera Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were issued a $0.1236 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. Sociedad Quimica y Minera’s payout ratio is presently 5.85%.

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.