Grantham Mayo Van Otterloo & Co. LLC Sells 54,426 Shares of Sociedad Quimica y Minera S.A. $SQM

Key Points

• Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Sociedad Quimica y Minera (NYSE:SQM) by 2.7%, selling 54,426 shares and now holds 1,946,264 shares valued at about $83.65 million (0.68% of the company).
• SQM reported quarterly EPS of $0.64, missing the $0.75 consensus, while revenue of $1.32 billion beat expectations and rose 23.3% year‑over‑year.
• The stock trades near $70 (opened $70.44) with a 52‑week range of $29.36–$86.13 and a market cap of about $20.1 billion; MarketBeat shows a consensus rating of Moderate Buy and a $70.63 price target.

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 2.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,946,264 shares of the basic materials company's stock after selling 54,426 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.68% of Sociedad Quimica y Minera worth $83,650,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. State of Wyoming increased its holdings in Sociedad Quimica y Minera by 96.1% during the third quarter. State of Wyoming now owns 2,061 shares of the basic materials company's stock worth $89,000 after buying an additional 1,010 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Sociedad Quimica y Minera by 57.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,011 shares of the basic materials company's stock valued at $133,000 after acquiring an additional 1,096 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of Sociedad Quimica y Minera during the 3rd quarter worth approximately $139,000. Raymond James Financial Inc. bought a new stake in shares of Sociedad Quimica y Minera in the 2nd quarter worth approximately $146,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Sociedad Quimica y Minera in the third quarter valued at approximately $201,000. Institutional investors own 12.41% of the company's stock.

Sociedad Quimica y Minera Price Performance

Shares of NYSE SQM opened at $70.44 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.88 and a current ratio of 3.27. Sociedad Quimica y Minera S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $86.13. The stock has a market cap of $20.12 billion, a PE ratio of 34.36 and a beta of 0.99. The stock has a fifty day moving average of $75.24 and a 200-day moving average of $59.72.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The basic materials company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.11). Sociedad Quimica y Minera had a return on equity of 9.69% and a net margin of 12.85%.The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same period last year, the company posted $0.42 EPS. The business's revenue for the quarter was up 23.3% on a year-over-year basis. Equities research analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

Sociedad Quimica y Minera Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were paid a dividend of $0.1236 per share. The ex-dividend date of this dividend was Tuesday, December 30th. Sociedad Quimica y Minera's payout ratio is currently 5.85%.

Analyst Ratings Changes

A number of analysts have issued reports on SQM shares. Wall Street Zen raised Sociedad Quimica y Minera from a "hold" rating to a "buy" rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft increased their price target on Sociedad Quimica y Minera from $88.00 to $91.00 and gave the stock a "buy" rating in a research note on Wednesday, January 21st. Clarkson Capital restated a "neutral" rating and issued a $90.00 price objective on shares of Sociedad Quimica y Minera in a research note on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $63.00 price objective (up from $45.00) on shares of Sociedad Quimica y Minera in a report on Thursday, December 4th. Finally, Citigroup lowered shares of Sociedad Quimica y Minera from a "buy" rating to a "neutral" rating and increased their target price for the stock from $51.00 to $74.00 in a research report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

About Sociedad Quimica y Minera

Sociedad Química y Minera de Chile SA NYSE: SQM is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM's product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.

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