Sociedad Quimica y Minera S.A. $SQM Shares Bought by RWC Asset Advisors US LLC

by · The Cerbat Gem

RWC Asset Advisors US LLC increased its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM – Free Report) by 112.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,232,662 shares of the basic materials company’s stock after acquiring an additional 652,257 shares during the quarter. Sociedad Quimica y Minera comprises about 8.7% of RWC Asset Advisors US LLC’s investment portfolio, making the stock its 6th largest position. RWC Asset Advisors US LLC owned approximately 0.43% of Sociedad Quimica y Minera worth $52,980,000 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 SQM. SBI Securities Co. Ltd. lifted its position in Sociedad Quimica y Minera by 5.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,354 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 335 shares during the period. Farther Finance Advisors LLC lifted its holdings in Sociedad Quimica y Minera by 153.0% in the second quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock valued at $34,000 after buying an additional 586 shares during the period. Quantinno Capital Management LP boosted its stake in Sociedad Quimica y Minera by 10.6% in the second quarter. Quantinno Capital Management LP now owns 7,801 shares of the basic materials company’s stock valued at $275,000 after acquiring an additional 749 shares during the last quarter. MGO One Seven LLC boosted its stake in Sociedad Quimica y Minera by 4.7% in the third quarter. MGO One Seven LLC now owns 16,677 shares of the basic materials company’s stock valued at $717,000 after acquiring an additional 754 shares during the last quarter. Finally, R Squared Ltd grew its holdings in Sociedad Quimica y Minera by 17.9% during the 2nd quarter. R Squared Ltd now owns 6,320 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 960 shares during the period. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SQM. Scotiabank increased their price target on Sociedad Quimica y Minera from $80.00 to $90.00 and gave the company a “sector outperform” rating in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a report on Monday, December 29th. Citigroup lowered Sociedad Quimica y Minera from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $51.00 to $74.00 in a research report on Friday, December 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $50.00 price target (down from $53.00) on shares of Sociedad Quimica y Minera in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. raised shares of Sociedad Quimica y Minera from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $79.00 in a research note on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.25.

Read Our Latest Stock Analysis on Sociedad Quimica y Minera

Sociedad Quimica y Minera Stock Performance

Shares of SQM stock opened at $77.76 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.88 and a current ratio of 2.82. Sociedad Quimica y Minera S.A. has a 52 week low of $29.36 and a 52 week high of $78.28. The company’s 50 day moving average price is $63.53 and its two-hundred day moving average price is $49.75. The company has a market capitalization of $21.25 billion, a P/E ratio of 42.49 and a beta of 0.98.

Sociedad Quimica y Minera (NYSE:SQM – Get Free Report) last issued its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.06). Sociedad Quimica y Minera had a return on equity of 9.79% and a net margin of 12.12%.The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $0.46 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Announces Dividend

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

About Sociedad Quimica y Minera

(Free Report)

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.

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