Atria Wealth Solutions Inc. Purchases 450 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Atria Wealth Solutions Inc. raised its position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,293 shares of the basic materials company’s stock after buying an additional 450 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Sociedad Química y Minera de Chile were worth $564,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Sociedad Química y Minera de Chile by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,006,607 shares of the basic materials company’s stock valued at $60,618,000 after acquiring an additional 878,933 shares during the period. Electron Capital Partners LLC raised its stake in shares of Sociedad Química y Minera de Chile by 354.2% during the 3rd quarter. Electron Capital Partners LLC now owns 824,715 shares of the basic materials company’s stock valued at $49,211,000 after buying an additional 643,142 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Sociedad Química y Minera de Chile by 127.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,070,851 shares of the basic materials company’s stock valued at $63,898,000 after buying an additional 599,728 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Sociedad Química y Minera de Chile by 37.2% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,747,264 shares of the basic materials company’s stock worth $104,259,000 after buying an additional 474,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Sociedad Química y Minera de Chile during the third quarter worth about $25,750,000. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Stock Performance

Sociedad Química y Minera de Chile stock opened at $47.68 on Monday. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of 6.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.33 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $47.58 and a 200-day simple moving average of $49.00. Sociedad Química y Minera de Chile S.A. has a 1-year low of $38.50 and a 1-year high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.51). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.36 billion. Sociedad Química y Minera de Chile had a return on equity of 39.90% and a net margin of 26.95%. During the same period last year, the business earned $4.03 EPS. On average, analysts expect that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current year.

Sociedad Química y Minera de Chile Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.2134 per share. This represents a $0.85 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, May 9th. Sociedad Química y Minera de Chile’s dividend payout ratio (DPR) is presently 18.30%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Jefferies Financial Group raised shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and increased their target price for the stock from $52.00 to $62.80 in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. StockNews.com cut Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Finally, BMO Capital Markets cut their price objective on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Sociedad Química y Minera de Chile has a consensus rating of “Hold” and an average target price of $65.18.

Sociedad Química y Minera de Chile Profile

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