Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 636,671 shares of the basic materials company's stock after acquiring an additional 50,127 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in ICL Group were worth $3,145,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in ICL Group by 56.8% in the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 1,910 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 7,405 shares during the period. Savant Capital LLC acquired a new position in shares of ICL Group in the fourth quarter valued at about $54,000. Townsquare Capital LLC bought a new position in ICL Group during the third quarter worth about $56,000. Finally, Wealthstream Advisors Inc. acquired a new stake in ICL Group in the 4th quarter worth about $57,000. Institutional investors and hedge funds own 13.38% of the company's stock.
Analysts Set New Price Targets
ICL has been the topic of a number of analyst reports. StockNews.com cut shares of ICL Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. BMO Capital Markets increased their price target on ICL Group from $6.00 to $6.50 and gave the stock a "market perform" rating in a research report on Thursday, February 27th. Finally, Barclays upped their target price 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.
Check Out Our Latest Stock Analysis on ICL Group
ICL Group Price Performance
Shares of NYSE:ICL traded up $0.30 during midday trading on Friday, hitting $6.28. The stock had a trading volume of 1,156,419 shares, compared to its average volume of 793,782. The company's 50-day moving average price is $5.96 and its 200-day moving average price is $5.19. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $6.57. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $8.24 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 7.10 and a beta of 1.18.
ICL Group (NYSE:ICL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.65 billion. As a group, equities research analysts predict that ICL Group Ltd will post 0.37 EPS for the current fiscal year.
ICL Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were given a dividend of $0.0403 per share. 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 2.57%. The ex-dividend date was Wednesday, March 12th. ICL Group's dividend payout ratio is currently 50.00%.
ICL Group Company Profile
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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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