Principal Financial Group Inc. Trims Holdings in Sociedad Quimica y Minera de Chile (NYSE:SQM)

Principal Financial Group Inc. trimmed its position in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 39.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,538 shares of the basic materials company’s stock after selling 65,484 shares during the quarter. Principal Financial Group Inc.’s holdings in Sociedad Quimica y Minera de Chile were worth $3,774,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new stake in shares of Sociedad Quimica y Minera de Chile in the fourth quarter worth $38,000. Virtus ETF Advisers LLC boosted its stake in Sociedad Quimica y Minera de Chile by 145.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock worth $66,000 after buying an additional 1,028 shares in the last quarter. Federated Investors Inc. PA acquired a new stake in Sociedad Quimica y Minera de Chile during the third quarter worth $70,000. Lavaca Capital LLC acquired a new stake in Sociedad Quimica y Minera de Chile during the fourth quarter worth $76,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Sociedad Quimica y Minera de Chile during the fourth quarter worth $112,000. Institutional investors own 11.13% of the company’s stock.

NYSE SQM traded up $0.06 during trading on Thursday, hitting $34.56. The stock had a trading volume of 1,294,356 shares, compared to its average volume of 786,961. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.50 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32. Sociedad Quimica y Minera de Chile has a 12 month low of $33.58 and a 12 month high of $58.69.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%. The company had revenue of $565.20 million for the quarter, compared to the consensus estimate of $560.66 million. On average, equities research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.59 EPS for the current year.

The firm also recently declared a dividend, which was paid on Friday, May 3rd. Investors of record on Friday, May 3rd were paid a $0.268 dividend. The ex-dividend date was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is presently 64.07%.

A number of research firms have weighed in on SQM. Santander downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley reissued an “underweight” rating and set a $35.00 price objective (down from $44.00) on shares of Sociedad Quimica y Minera de Chile in a report on Friday, April 12th. Zacks Investment Research cut Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. cut Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and cut their price target for the company from $51.00 to $43.00 in a report on Friday, March 1st. Finally, TheStreet cut Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Sociedad Quimica y Minera de Chile presently has a consensus rating of “Hold” and a consensus price target of $42.63.

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Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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Institutional Ownership by Quarter for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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