Boston Partners bought a new position in ICL Group Ltd (NYSE:ICL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 256,636 shares of the basic materials company's stock, valued at approximately $1,268,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Meitav Investment House Ltd. boosted its stake in ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock worth $101,391,000 after acquiring an additional 3,606,357 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of ICL Group by 15.1% during the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company's stock valued at $81,334,000 after purchasing an additional 2,161,715 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD boosted its position in shares of ICL Group by 106.0% in the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company's stock worth $22,584,000 after purchasing an additional 2,356,324 shares in the last quarter. Swiss National Bank grew its stake in shares of ICL Group by 0.4% in the 3rd quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company's stock worth $9,873,000 after buying an additional 8,848 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in ICL Group by 10.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 1,733,773 shares of the basic materials company's stock valued at $8,564,000 after buying an additional 159,910 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on ICL. BMO Capital Markets boosted their target price on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, February 27th. StockNews.com cut shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Barclays raised their price objective on shares of ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th.
Check Out Our Latest Research Report on ICL Group
ICL Group Stock Down 2.2 %
ICL stock traded down $0.13 during midday trading on Tuesday, hitting $5.73. The company's stock had a trading volume of 490,500 shares, compared to its average volume of 893,697. The firm's 50-day moving average is $5.99 and its 200-day moving average is $5.00. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 12 month low of $3.79 and a 12 month high of $6.57. The company has a market cap of $7.53 billion, a PE ratio of 18.50, a P/E/G ratio of 7.10 and a beta of 1.21.
ICL Group (NYSE:ICL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. On average, equities research analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.
ICL Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th will be paid a $0.0403 dividend. The ex-dividend date is Wednesday, March 12th. This is a positive change from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.81%. ICL Group's payout ratio is currently 50.00%.
About ICL Group
(
Free Report)
ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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