16,970 Shares in Sociedad Quimica y Minera S.A. $SQM Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC acquired a new stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 16,970 shares of the basic materials company’s stock, valued at approximately $729,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Sociedad Quimica y Minera by 18.5% in the first quarter. Royal Bank of Canada now owns 198,789 shares of the basic materials company’s stock valued at $7,898,000 after acquiring an additional 31,066 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Sociedad Quimica y Minera by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 358,646 shares of the basic materials company’s stock valued at $14,249,000 after buying an additional 125,506 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Sociedad Quimica y Minera by 6.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 22,140 shares of the basic materials company’s stock valued at $823,000 after purchasing an additional 1,346 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Sociedad Quimica y Minera by 153.0% during the second quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock worth $34,000 after buying an additional 586 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Sociedad Quimica y Minera by 23.5% during the 2nd quarter. Park Avenue Securities LLC now owns 6,251 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 1,189 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SQM. UBS Group set a $79.00 price objective on shares of Sociedad Quimica y Minera in a report on Wednesday, December 17th. Rothschild & Co Redburn initiated coverage on Sociedad Quimica y Minera in a research report on Friday, October 24th. They issued a “neutral” rating and a $54.00 price objective for the company. Rothschild Redb upgraded shares of Sociedad Quimica y Minera to a “hold” rating in a research note on Friday, October 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $50.00 target price (down from $53.00) on shares of Sociedad Quimica y Minera in a research report on Monday, October 6th. Finally, Citigroup downgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $51.00 to $74.00 in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sociedad Quimica y Minera has a consensus rating of “Moderate Buy” and a consensus price target of $69.79.

Sociedad Quimica y Minera Stock Up 0.4%

Shares of NYSE:SQM opened at $84.38 on Wednesday. Sociedad Quimica y Minera S.A. has a 1 year low of $29.36 and a 1 year high of $86.13. The business has a fifty day moving average price of $70.07 and a two-hundred day moving average price of $53.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.82 and a quick ratio of 1.88. The company has a market capitalization of $24.10 billion, a PE ratio of 46.11 and a beta of 0.98.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings data on Tuesday, November 18th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.06). Sociedad Quimica y Minera had a return on equity of 9.79% and a net margin of 12.12%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.46 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

Sociedad Quimica y Minera Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were issued a $0.1236 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is 6.56%.

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.