ICL Group Ltd (NYSE:ICL) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its holdings in ICL Group Ltd (NYSE:ICL - Free Report) by 20.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,412,613 shares of the basic materials company's stock after buying an additional 237,704 shares during the period. Nuveen Asset Management LLC owned 0.11% of ICL Group worth $6,978,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ICL. Vanguard Group Inc. lifted its holdings in shares of ICL Group by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company's stock worth $132,850,000 after acquiring an additional 626,553 shares during the last quarter. Meitav Investment House Ltd. lifted its holdings in ICL Group by 21.3% in 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 during the period. Y.D. More Investments Ltd boosted its position in shares of ICL Group by 15.1% during the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company's stock valued at $81,334,000 after purchasing an additional 2,161,715 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ICL Group by 2.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company's stock valued at $41,336,000 after buying an additional 219,101 shares in the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD boosted its stake in 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 acquiring an additional 2,356,324 shares in the last quarter. Institutional investors own 13.38% of the company's stock.

ICL Group Stock Down 1.2%

Shares of ICL traded down $0.08 during mid-day trading on Tuesday, hitting $6.60. The company's stock had a trading volume of 178,415 shares, compared to its average volume of 852,050. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 7.10 and a beta of 1.15. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The company's 50-day moving average is $6.39 and its 200-day moving average is $5.81. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.95.

ICL Group (NYSE:ICL - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.82 billion. On average, equities research analysts forecast that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The company 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 $0.0426 dividend. This represents a $0.17 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Wednesday, June 4th. This is an increase from ICL Group's previous quarterly dividend of $0.04. ICL Group's dividend payout ratio (DPR) is 51.61%.

Analysts Set New Price Targets

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

ICL Group 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.