Federated Hermes Inc. Sells 89,870 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Federated Hermes Inc. trimmed its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 87.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,989 shares of the basic materials company's stock after selling 89,870 shares during the period. Federated Hermes Inc.'s holdings in Sociedad Química y Minera de Chile were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SQM. Allspring Global Investments Holdings LLC grew its stake in shares of Sociedad Química y Minera de Chile by 688.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,006,607 shares of the basic materials company's stock valued at $60,618,000 after buying an additional 878,933 shares in the last quarter. Electron Capital Partners LLC raised its holdings in Sociedad Química y Minera de Chile by 354.2% during the third quarter. Electron Capital Partners LLC now owns 824,715 shares of the basic materials company's stock valued at $49,211,000 after buying an additional 643,142 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Sociedad Química y Minera de Chile by 127.3% in the third quarter. Van ECK Associates Corp now owns 1,070,851 shares of the basic materials company's stock worth $63,898,000 after buying an additional 599,728 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Sociedad Química y Minera de Chile by 37.2% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,747,264 shares of the basic materials company's stock worth $104,259,000 after acquiring an additional 474,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Sociedad Química y Minera de Chile during the 3rd quarter valued at about $25,750,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SQM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Friday, April 19th. JPMorgan Chase & Co. lowered their target price on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 6th. Scotiabank cut their target price on shares of Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Monday, March 4th. Jefferies Financial Group raised Sociedad Química y Minera de Chile from a "hold" rating to a "buy" rating and raised their price target for the company from $52.00 to $62.80 in a research report on Monday, April 8th. Finally, BMO Capital Markets reduced their price objective on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.18.

Sociedad Química y Minera de Chile Trading Up 2.1 %

Shares of SQM stock traded up $0.98 on Friday, reaching $47.68. The company had a trading volume of 814,427 shares, compared to its average volume of 1,414,108. The stock has a market cap of $13.62 billion, a PE ratio of 6.63 and a beta of 1.10. The company has a 50-day moving average of $47.50 and a 200-day moving average of $49.18. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. Sociedad Química y Minera de Chile S.A. has a 12 month low of $38.50 and a 12 month high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last issued its earnings results on Wednesday, February 28th. The basic materials company reported $0.71 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company posted $4.03 EPS. On average, equities analysts forecast that Sociedad Química y Minera de Chile S.A. will post 4.18 earnings per share for the current year.

Sociedad Química y Minera de Chile Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be paid a $0.2134 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, May 9th. Sociedad Química y Minera de Chile's payout ratio is currently 18.30%.

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.