Boston Partners Has $7.32 Million Position in Sociedad Quimica y Minera S.A. $SQM

Key Points

• Boston Partners increased its stake in Sociedad Quimica y Minera S.A. by 68.5%, now owning 184,357 shares valued at approximately $7.32 million.
• The company reported earnings per share (EPS) of $0.48 for the recent quarter, falling short of the $0.63 consensus estimate, with revenues of $1.04 billion, down 4.4% year-over-year.
• Recent analyst ratings reflect mixed sentiments, with price targets ranging from $41.00 to $45.00 and a consensus rating of "Hold."

Boston Partners boosted its position in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 68.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,357 shares of the basic materials company's stock after buying an additional 74,947 shares during the quarter. Boston Partners owned approximately 0.06% of Sociedad Quimica y Minera worth $7,324,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Soros Fund Management LLC acquired a new stake in Sociedad Quimica y Minera in the 4th quarter valued at approximately $5,619,000. Earnest Partners LLC raised its position in Sociedad Quimica y Minera by 1.8% in the 4th quarter. Earnest Partners LLC now owns 1,071,339 shares of the basic materials company's stock valued at $38,954,000 after buying an additional 18,748 shares during the last quarter. MGO One Seven LLC acquired a new stake in Sociedad Quimica y Minera in the 4th quarter valued at approximately $642,000. CANADA LIFE ASSURANCE Co raised its position in Sociedad Quimica y Minera by 121.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 61,519 shares of the basic materials company's stock valued at $2,236,000 after buying an additional 33,797 shares during the last quarter. Finally, White Knight Strategic Wealth Advisors LLC raised its position in Sociedad Quimica y Minera by 86.5% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 34,244 shares of the basic materials company's stock valued at $1,245,000 after buying an additional 15,879 shares during the last quarter. Institutional investors and hedge funds own 12.41% of the company's stock.

Analyst Upgrades and Downgrades

SQM has been the topic of a number of recent research reports. Scotiabank dropped their target price on Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating on the stock in a research report on Friday, May 30th. BMO Capital Markets decreased their price target on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Zacks Research upgraded Sociedad Quimica y Minera from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. raised their price target on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $42.50.

Sociedad Quimica y Minera Stock Performance

Shares of NYSE SQM traded down $1.1250 during midday trading on Wednesday, hitting $43.9250. 1,232,373 shares of the company's stock were exchanged, compared to its average volume of 1,272,840. The firm has a market capitalization of $12.55 billion, a PE ratio of 20.78 and a beta of 1.03. The company's 50 day moving average price is $37.89 and its 200 day moving average price is $37.33. The company has a quick ratio of 1.96, a current ratio of 2.88 and a debt-to-equity ratio of 0.71. Sociedad Quimica y Minera S.A. has a 12 month low of $29.36 and a 12 month high of $47.39.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.21). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.08 billion. Sociedad Quimica y Minera had a return on equity of 11.71% and a net margin of 13.45%.The business's revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

Sociedad Quimica y Minera Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.