Public Employees Retirement System of Ohio Purchases New Position in ICL Group Ltd (NYSE:ICL)

Public Employees Retirement System of Ohio purchased a new position in shares of ICL Group Ltd (NYSE:ICL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 138,012 shares of the basic materials company's stock, valued at approximately $589,000.

A number of other large investors also recently bought and sold shares of ICL. Altshuler Shaham Ltd grew its stake in ICL Group by 3.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company's stock worth $189,200,000 after acquiring an additional 1,360,670 shares in the last quarter. Meitav Investment House Ltd. grew its stake in ICL Group by 2.8% in the second quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company's stock worth $73,813,000 after purchasing an additional 465,031 shares in the last quarter. Y.D. More Investments Ltd grew its stake in ICL Group by 2,927,153.2% in the second quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company's stock worth $62,766,000 after purchasing an additional 14,635,766 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in ICL Group during the 3rd quarter worth $11,967,000. Finally, Swiss National Bank raised its position in ICL Group by 0.4% during the 3rd quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company's stock valued at $9,873,000 after purchasing an additional 8,848 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Stock Performance

ICL stock traded up $0.04 during trading on Friday, reaching $4.89. The company had a trading volume of 614,774 shares, compared to its average volume of 786,463. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 7.00 and a beta of 1.25. 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 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The firm has a 50-day simple moving average of $4.49 and a 200-day simple moving average of $4.35.

ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, sell-side analysts expect that ICL Group Ltd will post 0.35 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were issued a $0.0133 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Wednesday, December 4th. ICL Group's dividend payout ratio is presently 45.16%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of ICL Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th.

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.