Sociedad Quimica y Minera S.A. $SQM Shares Bought by Perpetual Ltd

Key Points

• Perpetual Ltd increased its stake in Sociedad Quimica y Minera (NYSE:SQM) by 29.9% in Q4, buying 23,740 shares to hold 103,127 shares valued at about $7.10 million.
• SQM shares trade near their 52‑week high (opened $83.05; 52‑week range $29.36–$86.13) with a market capitalization of roughly $23.7 billion and a P/E of 40.5.
• SQM reported quarterly EPS of $0.64 on $1.32 billion in revenue, and analysts carry a consensus Hold rating with a $71.42 price target.

Perpetual Ltd increased its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,127 shares of the basic materials company's stock after purchasing an additional 23,740 shares during the period. Perpetual Ltd's holdings in Sociedad Quimica y Minera were worth $7,095,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Sociedad Quimica y Minera by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 256 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in Sociedad Quimica y Minera in the 3rd quarter valued at about $43,000. Triumph Capital Management purchased a new position in Sociedad Quimica y Minera in the 3rd quarter valued at about $49,000. Advisory Services Network LLC acquired a new stake in shares of Sociedad Quimica y Minera during the 3rd quarter worth about $62,000. Finally, State of Wyoming boosted its stake in shares of Sociedad Quimica y Minera by 96.1% during the 3rd quarter. State of Wyoming now owns 2,061 shares of the basic materials company's stock worth $89,000 after purchasing an additional 1,010 shares during the last quarter. Institutional investors and hedge funds own 12.41% of the company's stock.

Sociedad Quimica y Minera Price Performance

Sociedad Quimica y Minera stock opened at $83.05 on Friday. The firm has a fifty day moving average of $75.88 and a 200-day moving average of $64.37. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $86.13. The company has a quick ratio of 2.25, a current ratio of 3.27 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $23.72 billion, a P/E ratio of 40.51 and a beta of 0.95.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last posted its earnings results on Saturday, February 14th. The basic materials company reported $0.64 earnings per share for the quarter. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. The business had revenue of $1.32 billion for the quarter. As a group, analysts predict that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

SQM has been the subject of several analyst reports. UBS Group set a $79.00 target price on Sociedad Quimica y Minera in a research note on Wednesday, December 17th. Citigroup lowered Sociedad Quimica y Minera from a "buy" rating to a "neutral" rating and raised their price target for the stock from $51.00 to $74.00 in a research note on Friday, December 12th. Scotiabank lifted their price target on Sociedad Quimica y Minera from $90.00 to $100.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 4th. Clarkson Capital reaffirmed a "neutral" rating and set a $90.00 price objective on shares of Sociedad Quimica y Minera in a research note on Thursday, January 22nd. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Sociedad Quimica y Minera in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $71.42.

Sociedad Quimica y Minera Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.