ICL Group Ltd (NYSE:ICL) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,898,125 shares of the basic materials company's stock after buying an additional 626,553 shares during the period. Vanguard Group Inc. owned 2.05% of ICL Group worth $132,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC boosted its stake 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 valued at $26,000 after acquiring an additional 1,910 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in ICL Group by 223.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 7,405 shares during the period. Savant Capital LLC bought a new position in ICL Group during the 4th quarter worth $54,000. Townsquare Capital LLC acquired a new stake in ICL Group in the third quarter worth $56,000. Finally, Wealthstream Advisors Inc. bought a new stake in ICL Group in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Analyst Ratings Changes

ICL has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, February 27th. StockNews.com lowered shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Finally, Barclays lifted their price target on ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th.

Remove Ads

ICL Group Stock Performance

Shares of NYSE ICL traded up $0.30 during midday trading on Friday, reaching $6.28. 1,156,419 shares of the company traded hands, compared to its average volume of 792,812. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 7.10 and a beta of 1.18. The stock has a 50-day moving average price of $5.96 and a 200 day moving average price of $5.19. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.57. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. Sell-side analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were given a $0.0403 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.57%. This is an increase from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group's dividend payout ratio is 50.00%.

About ICL Group

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.