Mariner LLC Purchases 37,633 Shares of ICL Group Ltd (NYSE:ICL)

Mariner LLC lifted its position in shares of ICL Group Ltd (NYSE:ICL - Free Report) by 81.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,621 shares of the basic materials company's stock after acquiring an additional 37,633 shares during the quarter. Mariner LLC's holdings in ICL Group were worth $413,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ICL. Lindbrook Capital LLC lifted its holdings in ICL Group by 56.8% in 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. MassMutual Private Wealth & Trust FSB boosted its stake in ICL Group by 223.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 7,405 shares during the last quarter. Savant Capital LLC bought a new position in ICL Group during the 4th quarter valued at $54,000. Wealthstream Advisors Inc. bought a new stake in ICL Group in the 4th quarter worth about $57,000. Finally, Seven Mile Advisory bought a new position in ICL Group in the 4th quarter valued at $59,000. 13.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price 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. StockNews.com downgraded ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th. Finally, 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 report on Wednesday, March 5th.

ICL Group Stock Down 1.3 %

Shares of ICL Group stock traded down $0.09 during trading on Thursday, hitting $6.76. The company's stock had a trading volume of 138,368 shares, compared to its average volume of 874,483. The company has a market capitalization of $8.88 billion, a PE ratio of 21.81, a P/E/G ratio of 7.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.91. The company has a fifty day simple moving average of $6.16 and a two-hundred day simple moving average of $5.49.

ICL Group (NYSE:ICL - Get Free Report) last released its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. Equities 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. Stockholders of record on Wednesday, March 12th were paid a $0.0403 dividend. The ex-dividend date was Wednesday, March 12th. This is a positive change from ICL Group's previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.38%. ICL Group's payout ratio is currently 50.00%.

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.