Crossmark Global Holdings Inc. Makes New $6.69 Million Investment in ICL Group Ltd (NYSE:ICL)

Crossmark Global Holdings Inc. purchased a new stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,573,863 shares of the basic materials company's stock, valued at approximately $6,689,000. Crossmark Global Holdings Inc. owned 0.12% of ICL Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of ICL Group during the second quarter valued at $56,000. Litman Gregory Wealth Management LLC acquired a new stake in ICL Group in the third quarter worth about $56,000. Choreo LLC acquired a new stake in ICL Group in the second quarter worth about $67,000. Dorsey & Whitney Trust CO LLC acquired a new stake in ICL Group in the first quarter worth about $82,000. Finally, GW Henssler & Associates Ltd. lifted its holdings in ICL Group by 18.0% in the third quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company's stock worth $84,000 after purchasing an additional 3,010 shares during the period. Institutional investors and hedge funds own 13.38% of the company's stock.

ICL Group Price Performance

NYSE ICL traded up $0.25 on Monday, reaching $4.39. The company's stock had a trading volume of 2,292,688 shares, compared to its average volume of 772,266. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $5.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62. The stock has a market cap of $5.77 billion, a PE ratio of 13.36, a PEG ratio of 5.83 and a beta of 1.23. The firm's 50 day moving average is $4.12 and its two-hundred day moving average is $4.35.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company earned $0.13 EPS. As a group, sell-side analysts predict that ICL Group Ltd will post 0.34 EPS for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.037 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 annualized dividend and a yield of 3.37%. ICL Group's payout ratio is presently 45.46%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of ICL Group from $4.50 to $4.00 and set an "underweight" rating for the company in a report on Friday, August 16th. StockNews.com downgraded shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Monday, September 30th.

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.