Fox Run Management L.L.C. Makes New $1.05 Million Investment in Sociedad Quimica y Minera S.A. $SQM

Fox Run Management L.L.C. acquired a new position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,221 shares of the basic materials company’s stock, valued at approximately $1,047,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Sociedad Quimica y Minera by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 256 shares in the last quarter. Signaturefd LLC grew its position in Sociedad Quimica y Minera by 37.0% during the 4th quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 177 shares in the last quarter. Leonteq Securities AG purchased a new position in Sociedad Quimica y Minera during the 4th quarter worth approximately $58,000. Fulcrum Asset Management LLP purchased a new position in Sociedad Quimica y Minera during the 3rd quarter worth approximately $43,000. Finally, Global Retirement Partners LLC grew its position in Sociedad Quimica y Minera by 45.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,122 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 353 shares in the last quarter. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SQM has been the topic of several research analyst reports. Bank of America boosted their price target on shares of Sociedad Quimica y Minera from $49.00 to $53.00 and gave the company an “underperform” rating in a report on Wednesday, March 25th. Zacks Research cut shares of Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Scotiabank boosted their price target on shares of Sociedad Quimica y Minera from $100.00 to $105.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, BMO Capital Markets restated 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, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $75.50.

Sociedad Quimica y Minera Trading Up 4.1%

Sociedad Quimica y Minera stock opened at $75.76 on Wednesday. The company’s fifty day simple moving average is $84.95 and its 200-day simple moving average is $76.79. The company has a quick ratio of 2.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.58. Sociedad Quimica y Minera S.A. has a 12 month low of $31.90 and a 12 month high of $98.00. The stock has a market cap of $21.64 billion, a P/E ratio of 26.58, a P/E/G ratio of 0.20 and a beta of 0.95.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings data on Saturday, May 16th. The basic materials company reported $1.28 earnings per share (EPS) for the quarter. The firm had revenue of $1.76 billion during the quarter. Sociedad Quimica y Minera had a net margin of 15.38% and a return on equity of 11.99%. As a group, sell-side analysts forecast that Sociedad Quimica y Minera S.A. will post 7.25 EPS for the current fiscal year.

Sociedad Quimica y Minera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were issued a $1.0295 dividend. The ex-dividend date was Friday, May 8th. This represents a $4.12 dividend on an annualized basis and a yield of 5.4%. Sociedad Quimica y Minera’s dividend payout ratio is currently 92.98%.

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.