ICL Group Ltd. (NYSE:ICL – Get Free Report) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $4.76 and last traded at $4.7550, with a volume of 462,478 shares changing hands. The stock had previously closed at $4.87.
Analyst Ratings Changes
ICL has been the subject of a number of research analyst reports. Wall Street Zen lowered ICL Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a research report on Friday, July 31st. Finally, Barclays decreased their target price on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.00.
Get Our Latest Research Report on ICL
ICL Group Stock Performance
The business’s fifty day moving average is $5.39 and its two-hundred day moving average is $5.47. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $6.12 billion, a PE ratio of 19.73 and a beta of 1.03.
ICL Group (NYSE:ICL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.01 billion. ICL Group had a net margin of 3.95% and a return on equity of 8.40%. As a group, research analysts anticipate that ICL Group Ltd. will post 0.43 EPS for the current fiscal year.
ICL Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd were paid a $0.0581 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, September 2nd. This is an increase from ICL Group’s previous quarterly dividend of $0.0535. ICL Group’s dividend payout ratio is 70.83%.
Institutional Trading of ICL Group
A number of large investors have recently made changes to their positions in the business. Y.D. More Investments Ltd raised its position in shares of ICL Group by 4.7% during the 1st quarter. Y.D. More Investments Ltd now owns 19,616,583 shares of the basic materials company’s stock valued at $100,349,000 after buying an additional 877,644 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in ICL Group by 12.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 22,040,479 shares of the basic materials company’s stock worth $112,812,000 after acquiring an additional 2,502,702 shares in the last quarter. Swiss National Bank grew its position in ICL Group by 27.6% in the first quarter. Swiss National Bank now owns 2,856,439 shares of the basic materials company’s stock worth $14,615,000 after acquiring an additional 617,801 shares in the last quarter. Amundi grew its position in ICL Group by 49.7% in the first quarter. Amundi now owns 1,115,720 shares of the basic materials company’s stock worth $5,779,000 after acquiring an additional 370,457 shares in the last quarter. Finally, Meitav Investment House Ltd. grew its position in ICL Group by 3.8% in the first quarter. Meitav Investment House Ltd. now owns 29,770,104 shares of the basic materials company’s stock worth $152,333,000 after acquiring an additional 1,081,641 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.
About ICL Group
ICL Group Ltd. (NYSE: ICL) is a global specialty minerals and chemicals company headquartered in Israel. Formerly known as Israel Chemicals, the company was established in 1968 and develops, produces and markets mineral-based products for agriculture, food, and industrial applications.
Its agriculture business supplies potash and phosphate-based fertilizers, specialty plant nutrients, and related solutions designed to support crop production. ICL also produces ingredients for the food industry, including specialty phosphates and other functional materials used in food processing and nutrition applications.
The company’s industrial products include bromine-based compounds, flame retardants, water-treatment chemicals, and other specialty chemicals.
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