Private Advisor Group LLC Purchases Shares of 16,719 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Private Advisor Group LLC purchased a new position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,719 shares of the basic materials company's stock, valued at approximately $1,355,000.

Several other institutional investors also recently modified their holdings of SQM. Capital International Investors bought a new stake in shares of Sociedad Química y Minera de Chile in the 1st quarter valued at $184,773,000. abrdn plc boosted its position in shares of Sociedad Química y Minera de Chile by 191.2% during the 1st quarter. abrdn plc now owns 1,876,519 shares of the basic materials company's stock valued at $152,111,000 after purchasing an additional 1,232,150 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sociedad Química y Minera de Chile by 373.7% during the second quarter. Goldman Sachs Group Inc. now owns 926,507 shares of the basic materials company's stock worth $77,391,000 after purchasing an additional 730,931 shares during the period. Deutsche Bank AG increased its holdings in Sociedad Química y Minera de Chile by 392.1% in the fourth quarter. Deutsche Bank AG now owns 681,908 shares of the basic materials company's stock worth $54,444,000 after purchasing an additional 543,343 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Sociedad Química y Minera de Chile by 63.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,195,008 shares of the basic materials company's stock valued at $99,819,000 after buying an additional 466,002 shares during the period. Institutional investors own 14.94% of the company's stock.

Several analysts have recently weighed in on SQM shares. Bank of America lowered their price objective on shares of Sociedad Química y Minera de Chile from $73.00 to $69.00 and set a "neutral" rating for the company in a research note on Friday, August 18th. The Goldman Sachs Group initiated coverage on Sociedad Química y Minera de Chile in a research note on Friday, May 19th. They issued a "sell" rating and a $60.00 target price for the company. StockNews.com assumed coverage on Sociedad Química y Minera de Chile in a research note on Thursday, August 17th. They issued a "hold" rating for the company. Scotiabank lowered their target price on Sociedad Química y Minera de Chile from $86.00 to $85.00 and set a "sector perform" rating on the stock in a research report on Monday, August 21st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sociedad Química y Minera de Chile from $97.00 to $93.00 and set an "overweight" rating on the stock in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of "Hold" and a consensus target price of $84.94.

Get Our Latest Research Report on Sociedad Química y Minera de Chile

SQM stock opened at $63.56 on Monday. The company has a current ratio of 2.39, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. The stock has a market cap of $18.16 billion, a P/E ratio of 5.07, a P/E/G ratio of 0.39 and a beta of 0.97. Sociedad Química y Minera de Chile S.A. has a 1-year low of $60.21 and a 1-year high of $115.72. The stock's fifty day simple moving average is $72.09 and its two-hundred day simple moving average is $75.00.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 16th. The basic materials company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.59). Sociedad Química y Minera de Chile had a net margin of 34.41% and a return on equity of 71.64%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company posted $3.01 earnings per share. Analysts expect that Sociedad Química y Minera de Chile S.A. will post 11.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, January 1st were issued a dividend of $0.5119 per share. This represents a $2.05 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, July 13th. Sociedad Química y Minera de Chile's dividend payout ratio (DPR) is presently 16.03%.

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium 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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