RWA Wealth Partners LLC Has $516,000 Stock Position in Sociedad Quimica y Minera S.A. $SQM

RWA Wealth Partners LLC lessened its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 45.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,011 shares of the basic materials company’s stock after selling 10,000 shares during the quarter. RWA Wealth Partners LLC’s holdings in Sociedad Quimica y Minera were worth $516,000 as of its most recent SEC filing.

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

Sociedad Quimica y Minera Price Performance

Shares of NYSE SQM opened at $76.51 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.82 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $75.19 and its two-hundred day moving average price is $58.73. The company has a market cap of $21.85 billion, a PE ratio of 41.81 and a beta of 0.99. Sociedad Quimica y Minera S.A. has a twelve month low of $29.36 and a twelve month high of $86.13.

Sociedad Quimica y Minera Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, January 5th. Investors 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 dividend payout ratio is 6.56%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $63.00 price target (up from $45.00) on shares of Sociedad Quimica y Minera in a research report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a report on Monday, December 29th. HSBC upgraded shares of Sociedad Quimica y Minera to a “strong-buy” rating in a research note on Monday, January 19th. JPMorgan Chase & Co. increased their price objective on shares of Sociedad Quimica y Minera from $79.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, UBS Group set a $79.00 price objective on Sociedad Quimica y Minera in a report on Wednesday, December 17th. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.79.

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.