Sociedad Quimica y Minera S.A. $SQM Shares Newly Acquired by Point Nemo Capital LLC

Point Nemo Capital LLC bought a new stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 18,177 shares of the basic materials company’s stock, valued at approximately $1,179,000.

A number of other large investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in Sociedad Quimica y Minera by 5.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,767 shares of the basic materials company’s stock worth $305,000 after buying an additional 210 shares during the last quarter. MGO One Seven LLC increased its position in Sociedad Quimica y Minera by 4.0% during the third quarter. MGO One Seven LLC now owns 6,332 shares of the basic materials company’s stock worth $411,000 after buying an additional 241 shares during the period. GAMMA Investing LLC increased its position in Sociedad Quimica y Minera by 65.6% during the third quarter. GAMMA Investing LLC now owns 621 shares of the basic materials company’s stock worth $40,000 after buying an additional 246 shares during the period. Parallel Advisors LLC increased its position in Sociedad Quimica y Minera by 43.2% during the first quarter. Parallel Advisors LLC now owns 822 shares of the basic materials company’s stock worth $67,000 after buying an additional 248 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Sociedad Quimica y Minera by 59.5% during the first quarter. EverSource Wealth Advisors LLC now owns 839 shares of the basic materials company’s stock worth $68,000 after buying an additional 313 shares during the period. 12.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SQM shares. Zacks Research cut Sociedad Quimica y Minera from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sociedad Quimica y Minera from $94.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Weiss Ratings cut shares of Sociedad Quimica y Minera from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 12th. Scotiabank lifted their target price on shares of Sociedad Quimica y Minera from $93.00 to $104.00 and gave the company a “sector outperform” rating in a report on Monday, August 24th. Finally, The Goldman Sachs Group upped their price target on shares of Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $80.11.

Sociedad Quimica y Minera Price Performance

Shares of SQM opened at $57.39 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.96 and a current ratio of 2.61. Sociedad Quimica y Minera S.A. has a fifty-two week low of $46.51 and a fifty-two week high of $98.00. The firm has a 50-day simple moving average of $65.52 and a 200-day simple moving average of $74.91. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.20 and a beta of 1.10.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results on Friday, August 14th. The basic materials company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.28. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Sociedad Quimica y Minera had a return on equity of 18.20% and a net margin of 20.62%. The firm’s revenue for the quarter was up 136.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, equities research analysts anticipate that Sociedad Quimica y Minera S.A. will post 7.46 earnings per share for the current year.

Sociedad Quimica y Minera Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, September 21st. Shareholders of record on Tuesday, September 8th were paid a $1.4350 dividend. The ex-dividend date was Tuesday, September 8th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is 34.85%.

Sociedad Quimica y Minera Profile

Sociedad Química y Minera de Chile, known as SQM, is a Chilean mining and chemical company that produces lithium and lithium derivatives, iodine, potassium nitrate, specialty plant nutrients and other industrial chemicals. Its products serve industries including energy storage, agriculture, pharmaceuticals and manufacturing.

The company’s operations are centered in northern Chile, including the Atacama Desert, where it extracts minerals and other resources from salt flats and mineral deposits.