ICL Group (NYSE:ICL) Shares Gap Up to $4.74

ICL Group Ltd (NYSE:ICL - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.74, but opened at $4.95. ICL Group shares last traded at $4.94, with a volume of 80,548 shares traded.

Analyst Ratings Changes

Separately, Barclays increased their price objective on shares of ICL Group from $4.00 to $4.50 and gave the stock an "underweight" rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, ICL Group has an average rating of "Hold" and an average price target of $5.75.

ICL Group Stock Up 3.6 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 1.53. The firm has a 50 day simple moving average of $5.01 and a two-hundred day simple moving average of $4.94. The stock has a market cap of $6.45 billion, a P/E ratio of 9.30, a P/E/G ratio of 10.79 and a beta of 1.25.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.68 billion. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. Equities research analysts predict that ICL Group Ltd will post 0.33 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 26th. Stockholders of record on Thursday, March 14th were paid a $0.0476 dividend. This is a positive change from ICL Group's previous quarterly dividend of $0.04. This represents a $0.19 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Wednesday, March 13th. ICL Group's dividend payout ratio is currently 37.26%.

Institutional Investors Weigh In On ICL Group

Institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd grew its stake in shares of ICL Group by 0.6% in the 4th quarter. Altshuler Shaham Ltd now owns 43,077,642 shares of the basic materials company's stock worth $215,923,000 after purchasing an additional 250,673 shares during the last quarter. Vanguard Group Inc. grew its position in ICL Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 24,894,017 shares of the basic materials company's stock worth $124,719,000 after buying an additional 419,241 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of ICL Group by 40.2% in the third quarter. Meitav Investment House Ltd. now owns 16,906,845 shares of the basic materials company's stock valued at $93,205,000 after buying an additional 4,851,284 shares in the last quarter. Phoenix Holdings Ltd. lifted its position in shares of ICL Group by 0.9% during the 3rd quarter. Phoenix Holdings Ltd. now owns 15,704,280 shares of the basic materials company's stock valued at $87,159,000 after acquiring an additional 138,500 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of ICL Group during the 4th quarter valued at $36,042,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.