Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lowered its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,251 shares of the basic materials company’s stock after selling 445 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Sociedad Química y Minera de Chile were worth $848,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC lifted its holdings in Sociedad Química y Minera de Chile by 40.1% during the 1st quarter. CWM LLC now owns 790 shares of the basic materials company’s stock worth $39,000 after buying an additional 226 shares during the last quarter. Avior Wealth Management LLC lifted its stake in Sociedad Química y Minera de Chile by 25.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,253 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 253 shares during the last quarter. Blue Trust Inc. increased 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 purchasing an additional 259 shares during the last quarter. Toroso Investments LLC raised its holdings in Sociedad Química y Minera de Chile by 0.5% during the third quarter. Toroso Investments LLC now owns 64,071 shares of the basic materials company’s stock worth $3,823,000 after purchasing an additional 338 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in shares of Sociedad Química y Minera de Chile by 5.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 9,293 shares of the basic materials company’s stock worth $564,000 after buying an additional 450 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SQM has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Bank of America cut their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on Sociedad Química y Minera de Chile from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Scotiabank reduced their price objective on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating for the company in a research note on Monday, March 4th. Finally, The Goldman Sachs Group decreased their price objective on Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and an average price target of $63.78.

Sociedad Química y Minera de Chile Stock Down 0.9 %

Shares of Sociedad Química y Minera de Chile stock opened at $40.40 on Tuesday. Sociedad Química y Minera de Chile S.A. has a one year low of $38.50 and a one year high of $81.50. The company has a market cap of $11.54 billion, a P/E ratio of 29.06, a PEG ratio of 15.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.61 and a current ratio of 2.34. The firm has a fifty day moving average of $45.51 and a two-hundred day moving average of $47.61.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its quarterly earnings results on Thursday, May 23rd. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.06 billion. On average, analysts forecast 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 10th were paid a $0.2134 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.11%. Sociedad Química y Minera de Chile’s dividend payout ratio (DPR) is presently 41.01%.

About Sociedad Química y Minera de Chile

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.