Virtus ETF Advisers LLC increased its stake in shares of ICL Group Ltd (NYSE:ICL) by 40.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 386,744 shares of the basic materials company’s stock after buying an additional 111,760 shares during the period. ICL Group comprises 0.7% of Virtus ETF Advisers LLC’s portfolio, making the stock its 15th largest holding. Virtus ETF Advisers LLC’s holdings in ICL Group were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its holdings in shares of ICL Group by 367.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,106,300 shares of the basic materials company’s stock valued at $14,528,000 after purchasing an additional 3,227,764 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its holdings in shares of ICL Group by 82.6% in the third quarter. Robertson Stephens Wealth Management LLC now owns 135,838 shares of the basic materials company’s stock valued at $474,000 after purchasing an additional 61,459 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of ICL Group in the third quarter valued at about $126,074,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ICL Group by 17.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 194,662 shares of the basic materials company’s stock valued at $690,000 after purchasing an additional 28,705 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in shares of ICL Group in the third quarter valued at about $189,000. 4.30% of the stock is currently owned by institutional investors.
Shares of ICL stock traded down $0.01 during trading on Monday, hitting $4.76. 1,544 shares of the company were exchanged, compared to its average volume of 220,781. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.51. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 79.33 and a beta of 1.00. The business’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.53. ICL Group Ltd has a twelve month low of $2.68 and a twelve month high of $4.82.
ICL Group (NYSE:ICL) last released its quarterly earnings results on Thursday, November 12th. The basic materials company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. ICL Group had a net margin of 1.41% and a return on equity of 7.76%. On average, equities analysts forecast that ICL Group Ltd will post 0.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.023 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.09 dividend on an annualized basis and a yield of 1.93%. This is an increase from ICL Group’s previous quarterly dividend of $0.02. ICL Group’s payout ratio is currently 21.62%.
Several equities analysts recently issued reports on the stock. Stephens downgraded shares of ICL Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $7.00 to $5.50 in a research note on Monday, November 23rd. Zacks Investment Research raised shares of ICL Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 18th. Finally, ValuEngine raised shares of ICL Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st. Four analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $4.88.
ICL Group 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 Innovative Ag Solutions (IAS). 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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