Commerzbank Aktiengesellschaft FI Has $1.27 Million Stake in Sociedad Química y Minera (SQM)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Sociedad Química y Minera (NYSE:SQM) by 6.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 25,822 shares of the basic materials company’s stock after acquiring an additional 1,565 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Sociedad Química y Minera were worth $1,269,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Sociedad Química y Minera by 4,427.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 18,110 shares of the basic materials company’s stock worth $1,001,000 after purchasing an additional 17,710 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sociedad Química y Minera by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 572,540 shares of the basic materials company’s stock valued at $31,860,000 after buying an additional 15,482 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Sociedad Química y Minera by 7.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,881 shares of the basic materials company’s stock valued at $5,812,000 after buying an additional 7,068 shares during the period. Acadian Asset Management LLC increased its stake in shares of Sociedad Química y Minera by 267.3% in the fourth quarter. Acadian Asset Management LLC now owns 23,737 shares of the basic materials company’s stock valued at $1,409,000 after buying an additional 17,275 shares during the period. Finally, FNY Partners Fund LP increased its stake in shares of Sociedad Química y Minera by 42,957.1% in the fourth quarter. FNY Partners Fund LP now owns 3,000 shares of the basic materials company’s stock valued at $178,000 after buying an additional 3,007 shares during the period. Hedge funds and other institutional investors own 12.74% of the company’s stock.

Shares of NYSE SQM opened at $54.96 on Friday. The firm has a market capitalization of $15.31 billion, a PE ratio of 33.72, a P/E/G ratio of 1.26 and a beta of 1.05. Sociedad Química y Minera has a fifty-two week low of $57.07 and a fifty-two week high of $58.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.30 and a quick ratio of 2.09.

Sociedad Química y Minera (NYSE:SQM) last announced its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $574.80 million during the quarter, compared to analysts’ expectations of $518.56 million. Sociedad Química y Minera had a return on equity of 19.01% and a net margin of 19.70%. equities research analysts predict that Sociedad Química y Minera will post 1.63 earnings per share for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Monday, May 21st. Investors of record on Friday, May 4th will be paid a dividend of $0.4197 per share. This is a positive change from Sociedad Química y Minera’s previous semiannual dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a yield of 1.57%. Sociedad Química y Minera’s dividend payout ratio (DPR) is currently 152.76%.

Several equities research analysts recently commented on SQM shares. Zacks Investment Research lowered Sociedad Química y Minera from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Deutsche Bank upgraded Sociedad Química y Minera from a “hold” rating to a “buy” rating and increased their price target for the stock from $52.00 to $70.00 in a report on Thursday, January 18th. Morgan Stanley lowered Sociedad Química y Minera from an “equal weight” rating to an “underweight” rating in a report on Monday, February 26th. Scotiabank reiterated a “hold” rating and issued a $60.00 price target on shares of Sociedad Química y Minera in a report on Thursday, January 18th. Finally, HSBC upgraded Sociedad Química y Minera from a “reduce” rating to a “hold” rating in a report on Thursday, March 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.40.

About Sociedad Química y Minera

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. The company offers specialty plant nutrients, such as potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers for crops, including vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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

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