Sociedad Quimica y Minera S.A. $SQM Position Decreased by SailingStone Capital Partners LLC

SailingStone Capital Partners LLC decreased its holdings in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 44.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,715 shares of the basic materials company’s stock after selling 55,758 shares during the period. Sociedad Quimica y Minera comprises approximately 1.2% of SailingStone Capital Partners LLC’s portfolio, making the stock its 14th biggest holding. SailingStone Capital Partners LLC’s holdings in Sociedad Quimica y Minera were worth $4,796,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in Sociedad Quimica y Minera by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock valued at $30,000 after buying an additional 256 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in shares of Sociedad Quimica y Minera in the third quarter worth approximately $43,000. Signaturefd LLC lifted its position in shares of Sociedad Quimica y Minera by 37.0% in the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 177 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of Sociedad Quimica y Minera in the third quarter worth approximately $49,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sociedad Quimica y Minera in the fourth quarter worth approximately $50,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Stock Up 0.1%

Shares of NYSE SQM opened at $83.32 on Wednesday. The stock has a market cap of $23.80 billion, a PE ratio of 29.23, a PEG ratio of 0.23 and a beta of 0.95. The business has a fifty day moving average of $84.87 and a two-hundred day moving average of $77.50. Sociedad Quimica y Minera S.A. has a 52-week low of $31.90 and a 52-week high of $98.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings data on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. The company had revenue of $1.76 billion during the quarter. Sociedad Quimica y Minera had a return on equity of 11.99% and a net margin of 15.38%. As a group, equities research analysts expect that Sociedad Quimica y Minera S.A. will post 7.25 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were given a dividend of $1.0295 per share. The ex-dividend date was Friday, May 8th. This represents a $4.12 annualized dividend and a yield of 4.9%. Sociedad Quimica y Minera’s dividend payout ratio is 92.98%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SQM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Friday, March 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Sociedad Quimica y Minera in a report on Wednesday, March 4th. JPMorgan Chase & Co. downgraded Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and increased their price target for the company from $94.00 to $100.00 in a report on Tuesday, June 2nd. The Goldman Sachs Group set a $100.00 price objective on shares of Sociedad Quimica y Minera in a research note on Tuesday, June 2nd. Finally, Bank of America raised their price objective on shares of Sociedad Quimica y Minera from $49.00 to $53.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $75.50.

Sociedad Quimica y Minera 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.