Impact Partnership Wealth LLC Buys New Position in Sociedad Quimica y Minera S.A. $SQM

Impact Partnership Wealth LLC bought a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,102 shares of the basic materials company’s stock, valued at approximately $420,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Sociedad Quimica y Minera by 37.0% during the 4th quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 177 shares during the period. GAMMA Investing LLC boosted its holdings in Sociedad Quimica y Minera by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 256 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Sociedad Quimica y Minera by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,363 shares of the basic materials company’s stock valued at $988,000 after acquiring an additional 257 shares during the period. Global Retirement Partners LLC boosted its holdings in Sociedad Quimica y Minera by 45.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,122 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 353 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Sociedad Quimica y Minera by 23.5% during the 4th quarter. Blue Trust Inc. now owns 2,669 shares of the basic materials company’s stock valued at $184,000 after acquiring an additional 507 shares during the period. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Sociedad Quimica y Minera in a research note on Wednesday, March 4th. Bank of America lifted their price objective on Sociedad Quimica y Minera from $49.00 to $53.00 and gave the company an “underperform” rating in a research note on Wednesday, March 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research note on Friday, March 27th. Finally, Zacks Research cut Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.83.

Sociedad Quimica y Minera Stock Performance

Shares of SQM opened at $85.89 on Friday. The stock has a 50-day simple moving average of $84.80 and a 200-day simple moving average of $75.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.76. The stock has a market capitalization of $24.53 billion, a PE ratio of 30.14, a PEG ratio of 0.26 and a beta of 1.00. Sociedad Quimica y Minera S.A. has a 1 year low of $29.36 and a 1 year high of $98.00.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings data on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. The business 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%. On average, analysts predict that Sociedad Quimica y Minera S.A. will post 6.96 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were paid 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 4.8%. Sociedad Quimica y Minera’s payout ratio is presently 92.98%.

About Sociedad Quimica y Minera

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.