Centerstone Investors LLC decreased its holdings in ICL Group Ltd (NYSE:ICL - Free Report) by 66.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,802 shares of the basic materials company's stock after selling 769,252 shares during the quarter. ICL Group accounts for about 2.9% of Centerstone Investors LLC's investment portfolio, making the stock its 13th largest position. Centerstone Investors LLC's holdings in ICL Group were worth $1,949,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its stake in shares of ICL Group by 56.8% during the 4th 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 in the last quarter. Voya Investment Management LLC grew its position in shares of ICL Group by 2.2% during the fourth quarter. Voya Investment Management LLC now owns 131,878 shares of the basic materials company's stock worth $651,000 after purchasing an additional 2,876 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ICL Group by 2.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,244 shares of the basic materials company's stock valued at $1,167,000 after buying an additional 5,787 shares during the last quarter. Optas LLC increased its holdings in ICL Group by 26.0% in the 4th quarter. Optas LLC now owns 29,210 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 6,022 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in ICL Group by 11.2% during the fourth 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. 13.38% of the stock is currently owned by institutional investors.
ICL Group Price Performance
ICL opened at $6.37 on Friday. The firm has a market capitalization of $8.37 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The business's 50-day moving average is $6.30 and its two-hundred day moving average is $5.68. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.95.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. Research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.
ICL Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were paid a $0.0403 dividend. This is a positive change from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 2.53%. ICL Group's dividend payout ratio (DPR) is 51.61%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Barclays lifted their target price on ICL Group from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Wall Street Zen lowered shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their target price on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, February 27th.
Check Out Our Latest Report on ICL Group
About ICL Group
(
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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