Schroder Investment Management Group Has $21.89 Million Position in Sociedad Quimica y Minera de Chile (SQM)

Schroder Investment Management Group lessened its stake in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 20.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,100 shares of the basic materials company’s stock after selling 117,300 shares during the quarter. Schroder Investment Management Group owned 0.17% of Sociedad Quimica y Minera de Chile worth $21,891,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Financial Gravity Wealth Inc. bought a new position in Sociedad Quimica y Minera de Chile in the 1st quarter valued at $104,000. Zurich Insurance Group Ltd FI bought a new position in Sociedad Quimica y Minera de Chile in the 2nd quarter valued at $130,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Sociedad Quimica y Minera de Chile in the 2nd quarter valued at $202,000. Cozad Asset Management Inc. bought a new position in Sociedad Quimica y Minera de Chile in the 2nd quarter valued at $210,000. Finally, BB&T Securities LLC bought a new position in Sociedad Quimica y Minera de Chile in the 1st quarter valued at $227,000. Institutional investors and hedge funds own 9.49% of the company’s stock.

SQM stock opened at $43.09 on Friday. The firm has a market cap of $12.03 billion, a PE ratio of 26.44, a PEG ratio of 1.21 and a beta of 1.06. Sociedad Quimica y Minera de Chile has a twelve month low of $40.91 and a twelve month high of $64.20. The company has a quick ratio of 2.33, a current ratio of 3.64 and a debt-to-equity ratio of 0.57.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its earnings results on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. Sociedad Quimica y Minera de Chile had a return on equity of 21.19% and a net margin of 20.56%. The company had revenue of $638.70 million during the quarter, compared to the consensus estimate of $549.92 million. On average, equities research analysts predict that Sociedad Quimica y Minera de Chile will post 1.88 earnings per share for the current fiscal year.

The business also recently disclosed a semiannual dividend, which was paid on Monday, September 24th. Investors of record on Thursday, September 6th were paid a dividend of $0.5086 per share. The ex-dividend date of this dividend was Wednesday, September 5th. This is a boost from Sociedad Quimica y Minera de Chile’s previous semiannual dividend of $0.42. This represents a dividend yield of 2.36%. Sociedad Quimica y Minera de Chile’s payout ratio is 79.75%.

Several equities analysts have issued reports on SQM shares. TheStreet downgraded Sociedad Quimica y Minera de Chile from a “b” rating to a “c” rating in a research report on Friday, August 24th. JPMorgan Chase & Co. cut their price objective on Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, August 22nd. Jefferies Financial Group started coverage on Sociedad Quimica y Minera de Chile in a research report on Wednesday, October 3rd. They issued a “hold” rating and a $51.00 price objective for the company. Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, October 5th. Finally, BMO Capital Markets lifted their price objective on Sociedad Quimica y Minera de Chile to $50.00 and gave the company an “underperform” rating in a research report on Monday, August 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.00.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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Institutional Ownership by Quarter for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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