UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 9.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,335,527 shares of the basic materials company's stock after acquiring an additional 120,169 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of ICL Group worth $5,676,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its stake in shares of 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 acquiring an additional 14,635,766 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of ICL Group during the 3rd quarter valued at approximately $11,967,000. Crossmark Global Holdings Inc. acquired a new stake in shares of ICL Group during the third quarter worth approximately $6,689,000. Altshuler Shaham Ltd increased its stake in shares of ICL Group by 3.2% in the second quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company's stock worth $189,200,000 after buying an additional 1,360,670 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its holdings 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 valued at $73,813,000 after acquiring an additional 465,031 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.
Analyst Upgrades and Downgrades
ICL has been the subject of several recent analyst reports. StockNews.com raised shares of ICL Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Barclays lowered their price objective on ICL Group from $4.50 to $4.00 and set an "underweight" rating for the company in a report on Friday, August 16th.
Read Our Latest Stock Report on ICL Group
ICL Group Stock Performance
ICL stock traded up $0.10 during trading on Wednesday, hitting $5.12. 569,050 shares of the company's stock traded hands, compared to its average volume of 789,637. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 6.81 and a beta of 1.25. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $5.54. The stock has a fifty day moving average price of $4.36 and a two-hundred day moving average price of $4.34. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.
ICL Group (NYSE:ICL - Get Free Report) last issued its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.73 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. During the same quarter last year, the company posted $0.11 earnings per share. As a group, equities analysts anticipate that ICL Group Ltd will post 0.35 EPS for the current fiscal year.
ICL Group Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.0133 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a yield of 1.04%. ICL Group's payout ratio is currently 48.39%.
ICL Group Company 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.
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