Arrowstreet Capital Limited Partnership increased its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,362,914 shares of the basic materials company's stock after purchasing an additional 219,101 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.64% of ICL Group worth $41,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lindbrook Capital LLC boosted its holdings in ICL Group by 56.8% in the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,910 shares during the last quarter. Quantbot Technologies LP boosted its stake 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 worth $48,000 after buying an additional 2,985 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of ICL Group by 223.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock worth $53,000 after buying an additional 7,405 shares during the last quarter. Savant Capital LLC bought a new stake in shares of ICL Group in the fourth quarter worth $54,000. Finally, Townsquare Capital LLC purchased a new stake in ICL Group during the third quarter valued at $56,000. 13.38% of the stock is owned by institutional investors.
ICL Group Stock Performance
NYSE ICL traded up $0.14 on Monday, hitting $5.49. 1,555,838 shares of the company traded hands, compared to its average volume of 780,955. The business's 50 day moving average price is $5.95 and its 200-day moving average price is $5.12. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.57. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 7.10 and a beta of 1.18.
ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. Equities analysts expect that ICL Group Ltd will post 0.37 earnings per share for the current year.
ICL Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were given a $0.0403 dividend. 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 2.94%. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group's dividend payout ratio is presently 50.00%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Barclays raised their target price 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. StockNews.com downgraded shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a report on Thursday, February 27th.
Check Out Our Latest Report on ICL Group
ICL Group Profile
(
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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