United Capital Financial Advisers LLC Sells 143 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Posted by on Mar 8th, 2023

United Capital Financial Advisers LLC lowered its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Rating) by 4.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,457 shares of the basic materials company’s stock after selling 143 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Sociedad Química y Minera de Chile were worth $314,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SQM. Huntington National Bank acquired a new position in shares of Sociedad Química y Minera de Chile during the third quarter worth approximately $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Sociedad Química y Minera de Chile during the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Sociedad Química y Minera de Chile by 265.5% during the third quarter. EverSource Wealth Advisors LLC now owns 413 shares of the basic materials company’s stock worth $38,000 after buying an additional 300 shares during the last quarter. PenderFund Capital Management Ltd. acquired a new position in shares of Sociedad Química y Minera de Chile during the second quarter worth approximately $41,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in shares of Sociedad Química y Minera de Chile during the third quarter worth approximately $41,000. Institutional investors own 18.42% of the company’s stock.

Sociedad Química y Minera de Chile Stock Performance

Shares of NYSE SQM opened at $84.18 on Wednesday. The business has a fifty day simple moving average of $87.79 and a 200 day simple moving average of $93.10. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.43 and a beta of 0.97. Sociedad Química y Minera de Chile S.A. has a one year low of $68.11 and a one year high of $115.76.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SQM shares. StockNews.com upgraded Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a report on Saturday, November 19th. Scotiabank upgraded Sociedad Química y Minera de Chile from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, March 2nd. Deutsche Bank Aktiengesellschaft cut their target price on Sociedad Química y Minera de Chile from $125.00 to $95.00 in a research note on Tuesday, January 10th. Finally, Citigroup lowered Sociedad Química y Minera de Chile from a “buy” rating to a “neutral” rating and cut their target price for the company from $112.00 to $92.00 in a research note on Thursday, December 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.60.

Sociedad Química y Minera de Chile Profile

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Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.

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

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