Quantinno Capital Management LP Buys 180,713 Shares of ICL Group Ltd (NYSE:ICL)

Quantinno Capital Management LP lifted its stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 258.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 250,589 shares of the basic materials company's stock after purchasing an additional 180,713 shares during the quarter. Quantinno Capital Management LP's holdings in ICL Group were worth $1,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC increased 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 period. GeoWealth Management LLC lifted its stake in ICL Group by 754.0% in the 4th quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company's stock worth $37,000 after purchasing an additional 6,575 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in ICL Group by 223.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock worth $53,000 after purchasing an additional 7,405 shares in the last quarter. Savant Capital LLC bought a new position in ICL Group in the 4th quarter valued at $54,000. Finally, Wealthstream Advisors Inc. purchased a new position in shares of ICL Group during the 4th quarter valued at $57,000. 13.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

ICL Group Price Performance

NYSE ICL traded up $0.22 during trading hours on Wednesday, reaching $6.66. 327,612 shares of the stock traded hands, compared to its average volume of 807,937. The stock has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $5.74. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.95. 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 company has a market cap of $8.74 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 7.10 and a beta of 1.15.

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. The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. On average, analysts predict that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.0403 per share. The ex-dividend date was Wednesday, March 12th. This is an increase from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a dividend yield of 2.42%. ICL Group's dividend payout ratio (DPR) is 51.61%.

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.