BayBridge Capital Group LLC purchased a new stake in ICL Group Ltd. (NYSE:ICL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 54,183 shares of the basic materials company's stock, valued at approximately $304,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lindbrook Capital LLC boosted its position in shares of ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after buying an additional 1,910 shares during the last quarter. Voya Investment Management LLC lifted its stake in ICL Group by 2.2% during the 4th quarter. Voya Investment Management LLC now owns 131,878 shares of the basic materials company's stock valued at $651,000 after acquiring an additional 2,876 shares in the last quarter. Rhumbline Advisers lifted its stake in ICL Group by 19.4% during the 1st quarter. Rhumbline Advisers now owns 32,793 shares of the basic materials company's stock valued at $187,000 after acquiring an additional 5,318 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ICL Group by 2.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,244 shares of the basic materials company's stock worth $1,167,000 after acquiring an additional 5,787 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in ICL Group by 11.2% during the 4th quarter. Tidal Investments LLC now owns 63,433 shares of the basic materials company's stock worth $313,000 after acquiring an additional 6,379 shares during the last quarter. Institutional investors own 13.38% of the company's stock.
ICL Group Stock Performance
NYSE:ICL traded up $0.10 during trading on Wednesday, reaching $6.78. The company's stock had a trading volume of 770,059 shares, compared to its average volume of 834,018. ICL Group Ltd. has a 12 month low of $3.79 and a 12 month high of $7.04. The firm has a 50 day moving average of $6.60 and a 200-day moving average of $5.96. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.30.
ICL Group (NYSE:ICL - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. ICL Group had a net margin of 5.66% and a return on equity of 7.86%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Equities analysts forecast that ICL Group Ltd. will post 0.37 earnings per share for the current year.
ICL Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.0426 per share. This is an increase from ICL Group's previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Wednesday, June 4th. ICL Group's dividend payout ratio is currently 51.61%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on ICL shares. BMO Capital Markets increased their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a report on Thursday, February 27th. Barclays increased their price objective on shares of ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 5th. Finally, Wall Street Zen downgraded ICL Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th.
Get Our Latest Stock Report on ICL Group
ICL Group Company Profile
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Free Report)
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.
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