ICL Group Ltd (NYSE:ICL - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $6.97 and last traded at $6.93, with a volume of 13236 shares changing hands. The stock had previously closed at $6.91.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Barclays upped their price objective on shares of ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. StockNews.com downgraded shares of ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets upped their price objective 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.
Read Our Latest Research Report on ICL
ICL Group Price Performance
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 firm has a market cap of $9.03 billion, a PE ratio of 22.15, a PEG ratio of 7.10 and a beta of 1.15. The business has a fifty day moving average of $6.20 and a 200-day moving average of $5.55.
ICL Group (NYSE:ICL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. As a group, research analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current year.
ICL Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were paid a $0.0403 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 12th. This is a boost from ICL Group's previous quarterly dividend of $0.01. ICL Group's payout ratio is currently 50.00%.
Institutional Trading of ICL Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meitav Investment House Ltd. increased its position in shares of ICL Group by 21.3% during the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company's stock valued at $101,391,000 after purchasing an additional 3,606,357 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position 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 valued at $22,584,000 after acquiring an additional 2,356,324 shares during the last quarter. Y.D. More Investments Ltd raised its stake 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 worth $81,334,000 after acquiring an additional 2,161,715 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its holdings in shares of ICL Group by 101.6% in the 4th quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,582,283 shares of the basic materials company's stock worth $7,803,000 after acquiring an additional 797,450 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of ICL Group in the 4th quarter valued at $3,610,000. Hedge funds and other institutional investors own 13.38% of the company's stock.
ICL Group Company Profile
(
Get 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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