UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 67,847 Shares of ICL Group Ltd (NYSE:ICL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,267,680 shares of the basic materials company's stock after selling 67,847 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of ICL Group worth $6,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Two Sigma Investments LP boosted its holdings in shares of ICL Group by 32.1% during the fourth quarter. Two Sigma Investments LP now owns 77,900 shares of the basic materials company's stock worth $385,000 after purchasing an additional 18,914 shares during the period. Tidal Investments LLC lifted its position in ICL Group by 11.2% in the 4th quarter. Tidal Investments LLC now owns 63,433 shares of the basic materials company's stock worth $313,000 after buying an additional 6,379 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of ICL Group by 258.6% during the 4th quarter. Quantinno Capital Management LP now owns 250,589 shares of the basic materials company's stock valued at $1,238,000 after buying an additional 180,713 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of 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 in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of 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 valued at $504,000 after acquiring an additional 46,481 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Stock Down 0.9%

Shares of ICL traded down $0.06 during mid-day trading on Friday, hitting $6.66. 855,620 shares of the company's stock were exchanged, compared to its average volume of 825,698. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 7.10 and a beta of 1.13. The firm has a fifty day moving average of $6.45 and a two-hundred day moving average of $5.84. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a twelve month low of $3.79 and a twelve month high of $7.04.

ICL Group (NYSE:ICL - Get Free Report) last posted its earnings results on Monday, May 19th. The basic materials company reported $0.09 EPS 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 firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, sell-side analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.0426 per share. This is a positive change from ICL Group's previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, June 4th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.56%. ICL Group's dividend payout ratio is currently 51.61%.

Wall Street Analysts Forecast Growth

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

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.