Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD raised its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 101.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,582,283 shares of the basic materials company's stock after buying an additional 797,450 shares during the period. ICL Group comprises approximately 1.9% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's portfolio, making the stock its 18th largest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD owned about 0.12% of ICL Group worth $7,803,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in shares of ICL Group by 56.8% during 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 period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock worth $53,000 after purchasing an additional 7,405 shares during the period. Savant Capital LLC purchased a new stake in shares of ICL Group during the fourth quarter worth about $54,000. Quantbot Technologies LP boosted its holdings in shares of ICL Group by 35.6% during the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company's stock worth $48,000 after purchasing an additional 2,985 shares during the period. Finally, Wealthstream Advisors Inc. bought a new position in ICL Group in the fourth quarter worth about $57,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on ICL. Barclays increased their price target on shares of ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. StockNews.com downgraded shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased their price target on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th.
Check Out Our Latest Analysis on ICL
ICL Group Price Performance
ICL stock opened at $6.17 on Wednesday. The firm has a 50 day moving average price of $5.83 and a 200-day moving average price of $4.90. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.57. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 19.91, 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 released its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. Equities research analysts forecast that ICL Group Ltd will post 0.37 EPS for the current fiscal year.
ICL Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th will be issued 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 yield of 2.61%. The ex-dividend date is Wednesday, March 12th. ICL Group's payout ratio is presently 50.00%.
ICL Group Profile
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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.
Further Reading
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