Sei Investments Co. Has $37.65 Million Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Sei Investments Co. raised its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) by 1.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 439,769 shares of the basic materials company’s stock after purchasing an additional 6,675 shares during the period. Sei Investments Co. owned 0.17% of Sociedad Química y Minera de Chile worth $37,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Market Inc. lifted its position in shares of Sociedad Química y Minera de Chile by 44.8% in the 1st quarter. Cibc World Market Inc. now owns 5,814 shares of the basic materials company’s stock worth $498,000 after purchasing an additional 1,799 shares during the period. Banco BTG Pactual S.A. bought a new stake in shares of Sociedad Química y Minera de Chile in the 1st quarter valued at $43,365,000. O Neil Global Advisors Inc. bought a new stake in shares of Sociedad Química y Minera de Chile in the 1st quarter valued at $285,000. Channing Global Advisors LLC bought a new stake in shares of Sociedad Química y Minera de Chile in the 1st quarter valued at $2,410,000. Finally, OneAscent Wealth Management LLC increased its stake in shares of Sociedad Química y Minera de Chile by 30.1% in the 1st quarter. OneAscent Wealth Management LLC now owns 6,695 shares of the basic materials company’s stock valued at $573,000 after acquiring an additional 1,548 shares in the last quarter. Institutional investors and hedge funds own 22.52% of the company’s stock.

Sociedad Química y Minera de Chile Stock Up 5.4 %

SQM stock opened at $111.27 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.86 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $95.55 and its 200 day moving average is $88.01. The stock has a market cap of $29.29 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.46 and a beta of 0.86. Sociedad Química y Minera de Chile S.A. has a 1-year low of $46.13 and a 1-year high of $115.76.

Sociedad Química y Minera de Chile Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 30th will be given a $1.202 dividend. This represents a $4.81 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, September 29th. Sociedad Química y Minera de Chile’s dividend payout ratio (DPR) is 126.71%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SQM shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Sociedad Química y Minera de Chile from $105.00 to $115.00 in a research note on Monday, August 22nd. BMO Capital Markets upped their target price on shares of Sociedad Química y Minera de Chile from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, August 19th. Jefferies Financial Group upped their target price on shares of Sociedad Química y Minera de Chile from $78.00 to $91.00 in a research note on Thursday, June 16th. Citigroup boosted their price target on shares of Sociedad Química y Minera de Chile from $103.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, May 20th. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $96.29.

Sociedad Química y Minera de Chile Profile

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Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its 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.

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

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