Boston Partners Acquires Shares of 256,636 ICL Group Ltd (NYSE:ICL)

Boston Partners purchased a new position in shares of ICL Group Ltd (NYSE:ICL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 256,636 shares of the basic materials company's stock, valued at approximately $1,268,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ICL. Swiss National Bank increased its position in shares of ICL Group by 0.4% in the third quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company's stock worth $9,873,000 after purchasing an additional 8,848 shares during the period. Charles Schwab Investment Management Inc. raised its position in ICL Group by 49.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 78,139 shares of the basic materials company's stock valued at $335,000 after purchasing an additional 25,992 shares in the last quarter. Pitcairn Co. bought a new stake in ICL Group during the third quarter worth $59,000. Quantbot Technologies LP boosted its holdings in shares of ICL Group by 35.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 2,985 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of ICL Group in the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Wall Street Analysts Forecast Growth

ICL has been the subject of several research reports. BMO Capital Markets increased their price objective on shares of ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, February 27th. Barclays boosted their price objective on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Finally, StockNews.com lowered shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th.

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ICL Group Trading Down 0.3 %

Shares of ICL traded down $0.02 during mid-day trading on Wednesday, reaching $5.72. 681,855 shares of the company were exchanged, compared to its average volume of 771,871. The business has a 50 day simple moving average of $6.00 and a two-hundred day simple moving average of $5.01. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.57. The stock has a market capitalization of $7.52 billion, a PE ratio of 18.46, a PEG ratio of 7.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56.

ICL Group (NYSE:ICL - Get Free Report) last announced its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. On average, analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were paid a $0.0403 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This is a positive change from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a yield of 2.82%. ICL Group's payout ratio is 50.00%.

ICL Group Company Profile

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.