Teachers Retirement System of The State of Kentucky Has $12.87 Million Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Teachers Retirement System of The State of Kentucky cut its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 23.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,700 shares of the basic materials company’s stock after selling 65,300 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.07% of Sociedad Química y Minera de Chile worth $12,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Sociedad Química y Minera de Chile by 133.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 830 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 475 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Sociedad Química y Minera de Chile by 25.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,253 shares of the basic materials company’s stock worth $75,000 after buying an additional 253 shares during the last quarter. Blue Trust Inc. boosted its stake in Sociedad Química y Minera de Chile by 22.4% in the fourth quarter. Blue Trust Inc. now owns 1,414 shares of the basic materials company’s stock valued at $84,000 after buying an additional 259 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Sociedad Química y Minera de Chile by 39.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,470 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 700 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Sociedad Química y Minera de Chile during the fourth quarter worth about $203,000. Institutional investors own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SQM. StockNews.com lowered shares of Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a report on Monday, March 4th. BMO Capital Markets lowered their price target on shares of Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, May 24th. Scotiabank cut their price objective on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. Bank of America reduced 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, June 4th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Sociedad Química y Minera de Chile from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.78.

Sociedad Química y Minera de Chile Trading Down 2.7 %

Shares of Sociedad Química y Minera de Chile stock traded down $1.16 during midday trading on Friday, reaching $42.42. The company had a trading volume of 1,366,404 shares, compared to its average volume of 872,119. The stock has a fifty day moving average price of $46.96 and a 200 day moving average price of $48.43. 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. The firm has a market cap of $12.12 billion, a PE ratio of 30.52, a P/E/G ratio of 16.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.34 and a quick ratio of 1.61.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.72) by $2.52. Sociedad Química y Minera de Chile had a net margin of 6.25% and a return on equity of 30.74%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts anticipate that Sociedad Química y Minera de Chile S.A. will post 1.12 earnings per share for the current year.

Sociedad Química y Minera de Chile Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th were given a dividend of $0.2134 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.85 dividend on an annualized basis and a yield of 2.01%. Sociedad Química y Minera de Chile’s dividend payout ratio (DPR) is currently 41.73%.

Sociedad Química y Minera de Chile Profile

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.