Yahav Achim Ve Achayot Provident Funds Management Co Ltd. boosted its position in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 222.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 338,170 shares of the basic materials company's stock after purchasing an additional 233,149 shares during the quarter. ICL Group comprises about 5.5% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s holdings, making the stock its 9th biggest holding. Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s holdings in ICL Group were worth $1,668,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC raised its stake in shares of 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 raised its position in 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 lifted its stake 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 acquiring an additional 7,405 shares during the period. Savant Capital LLC purchased a new stake in shares of ICL Group during the 4th quarter valued at about $54,000. Finally, Townsquare Capital LLC bought a new stake in shares of ICL Group in the third quarter worth approximately $56,000. 13.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ICL has been the topic of a number of research analyst reports. StockNews.com downgraded shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Barclays increased 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. Finally, BMO Capital Markets lifted their price objective on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, February 27th.
Check Out Our Latest Report on ICL
ICL Group Stock Performance
Shares of ICL traded up $0.33 on Friday, reaching $6.31. The company's stock had a trading volume of 335,952 shares, compared to its average volume of 789,790. The stock's 50 day simple moving average is $5.96 and its two-hundred day simple moving average is $5.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The stock has a market capitalization of $8.28 billion, a P/E ratio of 20.31, a PEG ratio of 7.10 and a beta of 1.18. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.57.
ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $1.65 billion. Research analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.
ICL Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were paid a $0.0403 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 2.56%. This is an increase from ICL Group's previous quarterly dividend of $0.01. ICL Group's dividend payout ratio (DPR) is 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.
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