BayBridge Capital Group LLC Purchases Shares of 54,183 ICL Group Ltd (NYSE:ICL)

BayBridge Capital Group LLC acquired a new stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,183 shares of the basic materials company's stock, valued at approximately $304,000.

Several other institutional investors also recently modified their holdings of ICL. Meitav Investment House Ltd. increased its holdings in shares of ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock worth $101,391,000 after buying an additional 3,606,357 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its holdings in shares of ICL Group by 106.0% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company's stock worth $22,584,000 after buying an additional 2,356,324 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD increased its holdings in shares of ICL Group by 101.6% during the fourth quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,582,283 shares of the basic materials company's stock worth $7,803,000 after buying an additional 797,450 shares in the last quarter. Norges Bank acquired a new position in shares of ICL Group during the fourth quarter worth $3,610,000. Finally, Wellington Management Group LLP acquired a new position in shares of ICL Group during the fourth quarter worth $3,140,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Trading Down 0.5%

Shares of ICL Group stock traded down $0.04 during trading on Friday, hitting $6.46. The company's stock had a trading volume of 694,606 shares, compared to its average volume of 834,099. 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 52 week low of $3.79 and a 52 week high of $7.04. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 7.10 and a beta of 1.13. The stock has a 50-day moving average price of $6.57 and a two-hundred day moving average price of $5.93.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.82 billion. Equities research analysts anticipate that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.0426 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.17 dividend on an annualized basis and a yield of 2.64%. This is a boost from ICL Group's previous quarterly dividend of $0.04. ICL Group's dividend payout ratio is 51.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ICL. Wall Street Zen downgraded shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Barclays boosted their price objective on shares of ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price objective on shares of ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research note on Thursday, February 27th.

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.