15,221 Shares in Sociedad Quimica y Minera S.A. $SQM Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in Sociedad Quimica y Minera S.A. (NYSE:SQM) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 15,221 shares of the basic materials company’s stock, valued at approximately $1,047,000.

A number of other large investors have also recently bought and sold shares of the business. Earnest Partners LLC boosted its holdings in Sociedad Quimica y Minera by 81.9% in the third quarter. Earnest Partners LLC now owns 1,911,668 shares of the basic materials company’s stock worth $82,163,000 after purchasing an additional 860,984 shares in the last quarter. Van ECK Associates Corp lifted its position in Sociedad Quimica y Minera by 62.4% during the 3rd quarter. Van ECK Associates Corp now owns 1,676,392 shares of the basic materials company’s stock worth $72,051,000 after acquiring an additional 644,129 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Sociedad Quimica y Minera by 4.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,529,281 shares of the basic materials company’s stock worth $65,729,000 after acquiring an additional 69,177 shares during the last quarter. Bank of America Corp DE lifted its position in Sociedad Quimica y Minera by 87.4% during the 3rd quarter. Bank of America Corp DE now owns 1,239,588 shares of the basic materials company’s stock worth $53,278,000 after acquiring an additional 578,175 shares during the last quarter. Finally, Barclays PLC lifted its position in Sociedad Quimica y Minera by 277.9% during the 3rd quarter. Barclays PLC now owns 817,223 shares of the basic materials company’s stock worth $35,124,000 after acquiring an additional 600,975 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America boosted their target price on shares of Sociedad Quimica y Minera from $49.00 to $53.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group set a $100.00 target price on shares of Sociedad Quimica y Minera in a research report on Tuesday, June 2nd. Zacks Research lowered shares of Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. CLSA raised shares of Sociedad Quimica y Minera to an “outperform” rating in a research report on Tuesday, June 2nd. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $75.50.

Sociedad Quimica y Minera Stock Up 4.1%

Shares of SQM opened at $75.76 on Wednesday. The company has a 50-day simple moving average of $84.95 and a 200-day simple moving average of $76.79. The firm has a market capitalization of $21.64 billion, a P/E ratio of 26.58, a P/E/G ratio of 0.20 and a beta of 0.95. 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 S.A. has a 52 week low of $31.90 and a 52 week 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 EPS for the quarter. The business had revenue of $1.76 billion during the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%. On average, equities research analysts expect that Sociedad Quimica y Minera S.A. will post 7.25 earnings per share for the current year.

Sociedad Quimica y Minera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were given a dividend of $1.0295 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.4%. Sociedad Quimica y Minera’s dividend payout ratio is currently 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.