Prudential PLC Takes Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Prudential PLC bought a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQMFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 507,665 shares of the basic materials company’s stock, valued at approximately $30,572,000. Prudential PLC owned about 0.18% of Sociedad Química y Minera de Chile as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jump Financial LLC purchased a new stake in Sociedad Química y Minera de Chile during the 3rd quarter valued at $829,000. Barclays PLC increased its stake in Sociedad Química y Minera de Chile by 19.7% in the third quarter. Barclays PLC now owns 176,770 shares of the basic materials company’s stock worth $10,549,000 after purchasing an additional 29,051 shares during the period. New York State Common Retirement Fund purchased a new stake in Sociedad Química y Minera de Chile in the third quarter worth $262,000. Boston Partners purchased a new stake in Sociedad Química y Minera de Chile in the third quarter worth $1,057,000. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Sociedad Química y Minera de Chile by 90.5% during the third quarter. Atria Wealth Solutions Inc. now owns 8,843 shares of the basic materials company’s stock valued at $528,000 after buying an additional 4,200 shares during the period. 12.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Scotiabank cut their price target on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 4th. Jefferies Financial Group upgraded Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and raised their price target for the company from $52.00 to $62.80 in a research note on Monday, April 8th. BMO Capital Markets cut their price target on Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. StockNews.com downgraded Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Finally, Bank of America dropped their price objective on Sociedad Química y Minera de Chile from $48.00 to $47.00 and set an “underperform” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Sociedad Química y Minera de Chile currently has a consensus rating of “Hold” and a consensus price target of $63.78.

View Our Latest Stock Report on Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile Stock Down 3.5 %

NYSE SQM traded down $1.64 during trading on Friday, hitting $45.43. The company’s stock had a trading volume of 835,242 shares, compared to its average volume of 917,311. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.34 and a quick ratio of 1.61. The company has a market cap of $12.98 billion, a PE ratio of 32.68, a P/E/G ratio of 17.77 and a beta of 1.05. The business’s 50 day simple moving average is $47.38 and its 200-day simple moving average is $48.67. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $38.50 and a fifty-two week high of $81.50.

Sociedad Química y Minera de Chile Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th were paid a $0.2134 dividend. This represents a $0.85 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, May 9th. Sociedad Química y Minera de Chile’s payout ratio is 41.73%.

Sociedad Química y Minera de Chile Profile

(Free Report)

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.

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

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