Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Position Increased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 63.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,552 shares of the basic materials company's stock after buying an additional 3,330 shares during the period. Pacer Advisors Inc.'s holdings in Sociedad Química y Minera de Chile were worth $693,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SQM. Capital International Investors acquired a new stake in shares of Sociedad Química y Minera de Chile during the first quarter worth $184,773,000. abrdn plc lifted its stake in Sociedad Química y Minera de Chile by 191.2% during the first quarter. abrdn plc now owns 1,876,519 shares of the basic materials company's stock valued at $152,111,000 after buying an additional 1,232,150 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Sociedad Química y Minera de Chile by 373.7% in the second quarter. Goldman Sachs Group Inc. now owns 926,507 shares of the basic materials company's stock worth $77,391,000 after buying an additional 730,931 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Sociedad Química y Minera de Chile in the fourth quarter worth approximately $53,992,000. Finally, Ninety One UK Ltd raised its holdings in shares of Sociedad Química y Minera de Chile by 61,196.7% during the fourth quarter. Ninety One UK Ltd now owns 617,258 shares of the basic materials company's stock valued at $49,282,000 after acquiring an additional 616,251 shares during the period. Institutional investors own 17.35% of the company's stock.

Several research firms recently weighed in on SQM. The Goldman Sachs Group began coverage on Sociedad Química y Minera de Chile in a research report on Friday, May 19th. They set a "sell" rating and a $60.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Sociedad Química y Minera de Chile from $95.00 to $90.00 and set a "buy" rating for the company in a report on Thursday, April 20th. StockNews.com began coverage on Sociedad Química y Minera de Chile in a research note on Thursday, May 18th. They issued a "hold" rating on the stock. Bank of America raised Sociedad Química y Minera de Chile from an "underperform" rating to a "neutral" rating and cut their price target for the stock from $90.00 to $85.00 in a research note on Monday, April 10th. Finally, Scotiabank downgraded Sociedad Química y Minera de Chile from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $113.00 to $86.00 in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of "Hold" and an average target price of $88.19.

Sociedad Química y Minera de Chile stock traded up $0.32 on Tuesday, reaching $79.32. 431,311 shares of the stock were exchanged, compared to its average volume of 1,713,092. The company has a current ratio of 2.48, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Sociedad Química y Minera de Chile S.A. has a twelve month low of $60.21 and a twelve month high of $115.72. The firm has a fifty day moving average price of $72.12 and a two-hundred day moving average price of $78.48. The stock has a market cap of $22.66 billion, a PE ratio of 5.84, a PEG ratio of 0.43 and a beta of 0.97.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last announced its earnings results on Thursday, May 18th. The basic materials company reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.49). The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.44 billion. Sociedad Química y Minera de Chile had a net margin of 35.24% and a return on equity of 82.96%. Sell-side analysts anticipate that Sociedad Química y Minera de Chile S.A. will post 12.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, January 1st will be paid a dividend of $0.5119 per share. The ex-dividend date is Thursday, July 13th. This represents a $2.05 annualized dividend and a yield of 2.58%. Sociedad Química y Minera de Chile's dividend payout ratio is 15.16%.

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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