Point72 Asset Management L.P. Reduces Stock Position in ICL Group Ltd (NYSE:ICL)

Point72 Asset Management L.P. decreased its holdings in ICL Group Ltd (NYSE:ICL - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,968 shares of the basic materials company's stock after selling 162,775 shares during the period. Point72 Asset Management L.P.'s holdings in ICL Group were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quantinno Capital Management LP grew its position in shares of ICL Group by 258.6% during the fourth quarter. Quantinno Capital Management LP now owns 250,589 shares of the basic materials company's stock worth $1,238,000 after acquiring an additional 180,713 shares during the last quarter. Nuveen Asset Management LLC raised its stake in ICL Group by 20.2% during the 4th quarter. Nuveen Asset Management LLC now owns 1,412,613 shares of the basic materials company's stock valued at $6,978,000 after acquiring an additional 237,704 shares during the last quarter. Lazard Asset Management LLC lifted its position in ICL Group by 83.7% during the 4th quarter. Lazard Asset Management LLC now owns 102,025 shares of the basic materials company's stock worth $504,000 after acquiring an additional 46,481 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of ICL Group by 24.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 63,737 shares of the basic materials company's stock valued at $316,000 after purchasing an additional 12,444 shares during the last quarter. Finally, Glenorchy Capital Ltd increased its holdings in shares of ICL Group by 2.6% in the fourth quarter. Glenorchy Capital Ltd now owns 331,149 shares of the basic materials company's stock valued at $1,636,000 after purchasing an additional 8,388 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Price Performance

ICL stock traded up $0.22 during trading on Wednesday, reaching $6.66. 327,612 shares of the company were exchanged, compared to its average volume of 807,937. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The stock's 50 day moving average price is $6.32 and its 200 day moving average price is $5.74. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.95. The company has a market cap of $8.74 billion, a P/E ratio of 21.47, a PEG ratio of 7.10 and a beta of 1.15.

ICL Group (NYSE:ICL - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. As a group, analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The business 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. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 2.42%. This is a positive change from ICL Group's previous quarterly dividend of $0.01. ICL Group's dividend payout ratio is presently 51.61%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ICL. Wall Street Zen lowered shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Barclays raised their target price 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 increased their price target 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.

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.