Signaturefd LLC Raises Stock Position in ICL Group Ltd (NYSE:ICL)

Signaturefd LLC increased its stake in ICL Group Ltd (NYSE:ICL) by 39.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,588 shares of the basic materials company’s stock after purchasing an additional 17,102 shares during the quarter. Signaturefd LLC’s holdings in ICL Group were worth $304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ICL Group by 3.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 221,907 shares of the basic materials company’s stock worth $1,128,000 after acquiring an additional 7,213 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of ICL Group during the 4th quarter worth $51,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of ICL Group by 23.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,038,764 shares of the basic materials company’s stock worth $5,204,000 after acquiring an additional 200,000 shares during the last quarter. Janiczek Wealth Management LLC boosted its stake in shares of ICL Group by 22.5% during the 4th quarter. Janiczek Wealth Management LLC now owns 34,409 shares of the basic materials company’s stock worth $172,000 after acquiring an additional 6,312 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of ICL Group by 121.1% during the 4th quarter. Cerity Partners LLC now owns 52,243 shares of the basic materials company’s stock worth $262,000 after acquiring an additional 28,612 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Stock Up 1.4 %

ICL opened at $4.63 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 1.53. ICL Group Ltd has a fifty-two week low of $4.30 and a fifty-two week high of $6.73. The firm’s fifty day moving average is $5.06 and its 200 day moving average is $4.96. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 10.67 and a beta of 1.22.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. On average, sell-side analysts forecast that ICL Group Ltd will post 0.33 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were issued a $0.0476 dividend. This is an increase from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.19 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Wednesday, March 13th. ICL Group’s payout ratio is currently 37.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays lifted their target price on shares of ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research note on Friday, March 1st. TheStreet cut shares of ICL Group from a “b-” rating to a “c+” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.75.

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.