Barings LLC Boosts Holdings in Sociedad Química y Minera (SQM)

Barings LLC raised its position in shares of Sociedad Química y Minera (NYSE:SQM) by 153.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,420 shares of the basic materials company’s stock after purchasing an additional 87,400 shares during the period. Barings LLC owned approximately 0.05% of Sociedad Química y Minera worth $7,099,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Personal Financial Services increased its holdings in shares of Sociedad Química y Minera by 326.7% in the fourth quarter. First Personal Financial Services now owns 2,223 shares of the basic materials company’s stock worth $132,000 after buying an additional 1,702 shares during the period. FNY Partners Fund LP increased its holdings in shares of Sociedad Química y Minera by 42,957.1% in the fourth quarter. FNY Partners Fund LP now owns 3,000 shares of the basic materials company’s stock worth $178,000 after buying an additional 3,007 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Sociedad Química y Minera in the fourth quarter worth about $202,000. Advisor Partners LLC purchased a new position in shares of Sociedad Química y Minera in the fourth quarter worth about $247,000. Finally, Claraphi Advisory Network LLC purchased a new position in shares of Sociedad Química y Minera in the fourth quarter worth about $311,000. Institutional investors and hedge funds own 12.74% of the company’s stock.

Sociedad Química y Minera opened at $54.96 on Friday, according to Marketbeat. The company has a current ratio of 3.30, a quick ratio of 2.09 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $15.31 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05. Sociedad Química y Minera has a 1 year low of $57.07 and a 1 year high of $58.41.

Sociedad Química y Minera (NYSE:SQM) last posted its earnings results on Wednesday, February 28th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $574.80 million for the quarter, compared to analysts’ expectations of $518.56 million. Sociedad Química y Minera had a return on equity of 19.01% and a net margin of 19.70%. analysts anticipate that Sociedad Química y Minera will post 1.63 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Monday, May 21st. Investors of record on Friday, May 4th will be paid a $0.4197 dividend. The ex-dividend date of this dividend is Thursday, May 3rd. This is a boost from Sociedad Química y Minera’s previous semiannual dividend of $0.38. This represents a dividend yield of 1.57%. Sociedad Química y Minera’s dividend payout ratio (DPR) is presently 152.76%.

Several research analysts have recently commented on SQM shares. Zacks Investment Research downgraded Sociedad Química y Minera from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Deutsche Bank upgraded Sociedad Química y Minera from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $52.00 to $70.00 in a report on Thursday, January 18th. Morgan Stanley downgraded Sociedad Química y Minera from an “equal weight” rating to an “underweight” rating in a report on Monday, February 26th. Scotiabank reiterated a “hold” rating and issued a $60.00 price objective on shares of Sociedad Química y Minera in a report on Thursday, January 18th. Finally, HSBC upgraded Sociedad Química y Minera from a “reduce” rating to a “hold” rating in a report on Thursday, March 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.40.

About Sociedad Química y Minera

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. The company offers specialty plant nutrients, such as potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers for crops, including vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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

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