Two Sigma Investments LP Acquires 18,914 Shares of ICL Group Ltd (NYSE:ICL)

Two Sigma Investments LP lifted its position in ICL Group Ltd (NYSE:ICL) by 32.1% during the 4th quarter, Holdings Channel reports. The firm owned 77,900 shares of the basic materials company’s stock after buying an additional 18,914 shares during the quarter. Two Sigma Investments LP’s holdings in ICL Group were worth $385,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ICL. Savant Capital LLC bought a new stake in shares of ICL Group in the 4th quarter worth about $54,000. Ieq Capital LLC bought a new stake in shares of ICL Group in the 4th quarter worth about $117,000. Meitav Investment House Ltd. grew its holdings in shares of ICL Group by 21.3% in the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after purchasing an additional 3,606,357 shares during the last quarter. Callan Capital LLC bought a new stake in shares of ICL Group in the 4th quarter worth about $82,000. Finally, Wealthstream Advisors Inc. bought a new stake in shares of ICL Group in the 4th quarter worth about $57,000. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays upped their target price on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. BMO Capital Markets upped their target price on shares of ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Finally, Wall Street Zen lowered shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th.

ICL Group Stock Performance

Shares of NYSE:ICL opened at $6.68 on Wednesday. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 7.10 and a beta of 1.13. The firm’s 50 day simple moving average is $6.49 and its 200 day simple moving average is $5.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $7.04.

ICL Group (NYSE:ICL) last posted its earnings results on Monday, May 19th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, sell-side analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.0426 per share. This is a boost from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Wednesday, June 4th. ICL Group’s dividend payout ratio (DPR) is currently 51.61%.

ICL Group Company 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 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.