Sociedad Quimica y Minera S.A. $SQM Stake Raised by Sava Infond d.o.o.

Sava Infond d.o.o. raised its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 20.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,670 shares of the basic materials company’s stock after acquiring 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 Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Scotiabank lifted their target price on Sociedad Quimica y Minera from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Sociedad Quimica y Minera from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. HSBC upgraded Sociedad Quimica y Minera to a “strong-buy” rating in a report on Monday, January 19th. Citigroup cut shares of Sociedad Quimica y Minera from a “buy” rating to a “neutral” rating and raised their target price for the stock from $51.00 to $74.00 in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.79.

Sociedad Quimica y Minera Stock Down 0.4%

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

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings results on Tuesday, November 18th. The basic materials company reported $0.62 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 for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

Sociedad Quimica y Minera Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were paid a $0.1236 dividend. The ex-dividend date was Tuesday, December 30th. Sociedad Quimica y Minera’s payout ratio is 6.56%.

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.