PDT Partners LLC Acquires New Shares in ICL Group Ltd (NYSE:ICL)

PDT Partners LLC bought a new stake in shares of ICL Group Ltd (NYSE:ICL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,933 shares of the basic materials company's stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its stake in ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,910 shares during the period. GeoWealth Management LLC raised its position in ICL Group by 754.0% in the fourth quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 6,575 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of ICL Group by 223.7% in 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 purchased a new position in shares of ICL Group during the 4th quarter worth $54,000. Finally, Wealthstream Advisors Inc. acquired a new stake in shares of ICL Group during the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 13.38% of the company's stock.

ICL Group Stock Up 0.2 %

NYSE ICL traded up $0.02 during trading hours on Thursday, hitting $6.87. 260,275 shares of the company were exchanged, compared to its average volume of 876,439. 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 50 day moving average of $6.16 and a two-hundred day moving average of $5.49. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 7.10 and a beta of 1.15. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $6.91.

ICL Group (NYSE:ICL - Get Free Report) last issued its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. Equities research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently announced 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 a boost from ICL Group's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 2.35%. ICL Group's payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ICL shares. BMO Capital Markets lifted their price target on shares of ICL Group from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Barclays boosted their price objective on ICL Group from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, March 5th. Finally, StockNews.com downgraded ICL Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 27th.

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.