Meitav Investment House Ltd. grew its stake in ICL Group Ltd. (NYSE:ICL – Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,770,104 shares of the basic materials company’s stock after purchasing an additional 1,081,641 shares during the quarter. ICL Group makes up approximately 1.7% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 18th largest holding. Meitav Investment House Ltd. owned approximately 2.31% of ICL Group worth $152,333,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC grew its position in shares of ICL Group by 351.2% in the fourth quarter. Farther Finance Advisors LLC now owns 5,157 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 4,014 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in ICL Group during the fourth quarter worth about $38,000. Boothbay Fund Management LLC acquired a new stake in ICL Group in the 4th quarter worth about $59,000. Thrivent Financial for Lutherans acquired a new stake in shares of ICL Group in the second quarter valued at approximately $72,000. Finally, Centiva Capital LP bought a new stake in shares of ICL Group in the third quarter valued at approximately $69,000. Institutional investors and hedge funds own 13.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ICL. Wall Street Zen upgraded ICL Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays lifted their price target on shares of ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. Finally, Weiss Ratings raised shares of ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.00.
ICL Group Trading Down 2.3%
ICL traded down $0.12 during trading on Tuesday, reaching $4.93. 603,664 shares of the company’s stock were exchanged, compared to its average volume of 1,553,617. ICL Group Ltd. has a one year low of $4.76 and a one year high of $7.23. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $6.37 billion, a PE ratio of 24.67 and a beta of 0.97. The firm has a fifty day moving average price of $5.78 and a two-hundred day moving average price of $5.49.
ICL Group (NYSE:ICL – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. ICL Group had a net margin of 3.52% and a return on equity of 7.84%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.92 billion. As a group, equities research analysts forecast that ICL Group Ltd. will post 0.43 earnings per share for the current fiscal year.
ICL Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $0.0535 per share. This represents a $0.21 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 2nd. This is a boost from ICL Group’s previous quarterly dividend of $0.05. ICL Group’s dividend payout ratio (DPR) is presently 80.00%.
ICL Group Profile
ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.
ICL’s core operations are organized into three principal business areas.
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