Banco Santander S.A. Has $706,000 Stock Holdings in Sociedad Quimica y Minera S.A. $SQM

Banco Santander S.A. reduced its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 38.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,429 shares of the basic materials company’s stock after selling 10,122 shares during the period. Banco Santander S.A.’s holdings in Sociedad Quimica y Minera were worth $706,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SQM. SBI Securities Co. Ltd. boosted its holdings in shares of Sociedad Quimica y Minera by 5.6% in the second quarter. SBI Securities Co. Ltd. now owns 6,354 shares of the basic materials company’s stock valued at $224,000 after buying an additional 335 shares during the period. US Bancorp DE lifted its position in Sociedad Quimica y Minera by 10.7% in the 3rd quarter. US Bancorp DE now owns 6,719 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 652 shares in the last quarter. R Squared Ltd lifted its position in Sociedad Quimica y Minera by 11.0% in the 3rd quarter. R Squared Ltd now owns 7,015 shares of the basic materials company’s stock valued at $302,000 after acquiring an additional 695 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Sociedad Quimica y Minera by 10.6% in the 2nd quarter. Quantinno Capital Management LP now owns 7,801 shares of the basic materials company’s stock worth $275,000 after purchasing an additional 749 shares during the period. Finally, MGO One Seven LLC increased its holdings in Sociedad Quimica y Minera by 4.7% during the 3rd quarter. MGO One Seven LLC now owns 16,677 shares of the basic materials company’s stock worth $717,000 after purchasing an additional 754 shares in the last quarter. Institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Price Performance

NYSE:SQM opened at $76.51 on Friday. The stock’s 50-day simple moving average is $75.19 and its 200 day simple moving average is $58.82. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $86.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.88 and a current ratio of 2.82. The company has a market cap of $21.85 billion, a P/E ratio of 41.81 and a beta of 0.99.

Sociedad Quimica y Minera Announces Dividend

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

Analyst Ratings Changes

SQM has been the topic of several recent research reports. Zacks Research raised Sociedad Quimica y Minera from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Scotiabank lifted their target price on Sociedad Quimica y Minera from $80.00 to $90.00 and gave the company a “sector outperform” rating in a research report on Monday, January 12th. Clarkson Capital restated a “neutral” rating and issued a $90.00 target price on shares of Sociedad Quimica y Minera in a research note on Thursday, January 22nd. 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. Finally, UBS Group set a $79.00 price target on shares of Sociedad Quimica y Minera in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.79.

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.