ICL Group (NYSE:ICL) Stock Price Up 2.2%

Shares of ICL Group Ltd (NYSE:ICL - Get Free Report) were up 2.2% on Tuesday . The company traded as high as $4.73 and last traded at $4.73. Approximately 72,011 shares were traded during trading, a decline of 92% from the average daily volume of 872,024 shares. The stock had previously closed at $4.63.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on ICL Group from $4.00 to $4.50 and gave the company an "underweight" rating in a report on Friday, March 1st. TheStreet cut ICL Group from a "b-" rating to a "c+" rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, ICL Group currently has a consensus rating of "Hold" and a consensus target price of $5.75.

ICL Group Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 0.88. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 9.62 and a beta of 1.22. The stock has a 50-day moving average price of $5.07 and a 200 day moving average price of $5.01.

ICL Group (NYSE:ICL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $1.69 billion during 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%. As a group, analysts anticipate that ICL Group Ltd will post 0.34 EPS for the current fiscal year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 14th were given a $0.0476 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from ICL Group's previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a dividend yield of 4.07%. ICL Group's dividend payout ratio is presently 37.26%.

Hedge Funds Weigh In On ICL Group

Large investors have recently made changes to their positions in the company. Kathmere Capital Management LLC bought a new position in shares of ICL Group during the first quarter worth approximately $54,000. Ballentine Partners LLC lifted its position in shares of ICL Group by 102.1% during the 1st quarter. Ballentine Partners LLC now owns 51,607 shares of the basic materials company's stock valued at $278,000 after acquiring an additional 26,067 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of ICL Group by 103.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company's stock worth $38,000 after purchasing an additional 3,612 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of ICL Group by 39.0% during the 4th quarter. Quadrature Capital Ltd now owns 18,499 shares of the basic materials company's stock worth $93,000 after purchasing an additional 5,193 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of ICL Group by 8.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,115 shares of the basic materials company's stock worth $161,000 after purchasing an additional 2,580 shares during the period. Institutional investors own 13.38% of the company's stock.

About ICL Group

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.