Baader Bank Aktiengesellschaft Takes Position in Sociedad Quimica y Minera S.A. $SQM

Baader Bank Aktiengesellschaft purchased a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 13,276 shares of the basic materials company’s stock, valued at approximately $906,000.

A number of other hedge funds also recently made changes to their positions in SQM. GAMMA Investing LLC raised its holdings in shares of 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 during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Sociedad Quimica y Minera during the third quarter valued at approximately $43,000. Signaturefd LLC raised its holdings in shares of Sociedad Quimica y Minera by 37.0% during the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after buying an additional 177 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Sociedad Quimica y Minera during the third quarter valued at approximately $49,000. Finally, Advisory Services Network LLC bought a new stake in shares of Sociedad Quimica y Minera during the third quarter valued at approximately $62,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Quimica y Minera Price Performance

Shares of NYSE:SQM opened at $86.72 on Friday. Sociedad Quimica y Minera S.A. has a 12 month low of $29.36 and a 12 month high of $98.00. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 0.28 and a beta of 1.00. The stock’s 50 day moving average price is $83.17 and its 200 day moving average price is $73.04.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings results on Saturday, February 14th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $1.32 billion for the quarter. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. On average, sell-side analysts expect that Sociedad Quimica y Minera S.A. will post 6.62 EPS for the current year.

Sociedad Quimica y Minera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be given a $1.0295 dividend. The ex-dividend date is Friday, May 8th. This represents a $4.12 annualized dividend and a yield of 4.7%. Sociedad Quimica y Minera’s payout ratio is 130.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Sociedad Quimica y Minera from $79.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Sociedad Quimica y Minera from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Clarkson Capital reissued a “neutral” rating and set a $90.00 target price on shares of Sociedad Quimica y Minera in a report on Thursday, January 22nd. HSBC raised Sociedad Quimica y Minera to a “strong-buy” rating in a report on Monday, January 19th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Sociedad Quimica y Minera in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $71.42.

Sociedad Quimica y Minera Company 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.