Triumph Capital Management Acquires 1,187 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Triumph Capital Management lifted its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,481 shares of the basic materials company’s stock after acquiring an additional 1,187 shares during the quarter. Triumph Capital Management’s holdings in Sociedad Química y Minera de Chile were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. abrdn plc grew its holdings in shares of Sociedad Química y Minera de Chile by 4.7% during the 3rd quarter. abrdn plc now owns 2,643,076 shares of the basic materials company’s stock worth $157,712,000 after acquiring an additional 119,695 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Sociedad Química y Minera de Chile by 9.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,992,151 shares of the basic materials company’s stock worth $120,387,000 after purchasing an additional 172,908 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Sociedad Química y Minera de Chile by 37.2% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,747,264 shares of the basic materials company’s stock worth $104,259,000 after purchasing an additional 474,000 shares in the last quarter. CI Investments Inc. lifted its position in Sociedad Química y Minera de Chile by 5.3% during the third quarter. CI Investments Inc. now owns 1,523,519 shares of the basic materials company’s stock valued at $90,908,000 after buying an additional 76,054 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Sociedad Química y Minera de Chile by 127.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,070,851 shares of the basic materials company’s stock valued at $63,898,000 after buying an additional 599,728 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Jefferies Financial Group raised Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $62.80 in a research report on Monday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Scotiabank cut their target price on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. Finally, The Goldman Sachs Group lowered their price target on Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating for the company in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sociedad Química y Minera de Chile has an average rating of “Hold” and an average target price of $65.18.

Sociedad Química y Minera de Chile Stock Performance

NYSE:SQM traded down $0.09 during mid-day trading on Wednesday, reaching $45.60. The company’s stock had a trading volume of 293,664 shares, compared to its average volume of 1,424,360. The firm’s fifty day moving average price is $47.37 and its two-hundred day moving average price is $49.22. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The stock has a market cap of $13.03 billion, a P/E ratio of 6.45 and a beta of 1.07. Sociedad Química y Minera de Chile S.A. has a 12-month low of $38.50 and a 12-month high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $4.03 EPS. On average, equities analysts forecast that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current fiscal year.

Sociedad Química y Minera de Chile Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be paid a $0.2134 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 1.87%. Sociedad Química y Minera de Chile’s dividend payout ratio (DPR) is currently 18.30%.

Sociedad Química y Minera de Chile Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.