Avior Wealth Management LLC Lowers Holdings in ICL Group Ltd (NYSE:ICL)

Avior Wealth Management LLC lowered its position in ICL Group Ltd (NYSE:ICLFree Report) by 22.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,131 shares of the basic materials company’s stock after selling 2,114 shares during the period. Avior Wealth Management LLC’s holdings in ICL Group were worth $35,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Public Sector Pension Investment Board raised its position in shares of ICL Group by 5.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 322,534 shares of the basic materials company’s stock worth $1,396,000 after purchasing an additional 15,405 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of ICL Group during the 2nd quarter worth about $56,000. The Manufacturers Life Insurance Company raised its position in shares of ICL Group by 6.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 526,644 shares of the basic materials company’s stock worth $2,281,000 after purchasing an additional 31,350 shares during the last quarter. Aristides Capital LLC acquired a new position in shares of ICL Group during the 2nd quarter worth about $147,000. Finally, Ignite Planners LLC raised its position in shares of ICL Group by 17.0% during the 3rd quarter. Ignite Planners LLC now owns 149,917 shares of the basic materials company’s stock worth $642,000 after purchasing an additional 21,803 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Up 1.6 %

ICL stock opened at $5.93 on Thursday. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 6.90 and a beta of 1.22. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 12 month low of $3.79 and a 12 month high of $6.18. The firm has a 50-day moving average of $5.12 and a two-hundred day moving average of $4.53.

ICL Group (NYSE:ICLGet Free Report) last posted its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the company posted $0.11 EPS. As a group, analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $0.0133 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.05 annualized dividend and a dividend yield of 0.90%. ICL Group’s dividend payout ratio (DPR) is 48.39%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ICL shares. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Barclays upgraded shares of ICL Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $4.00 to $6.00 in a report on Tuesday, January 21st.

Read Our Latest Stock Analysis on ICL Group

About ICL Group

(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.

See Also

Want to see what other hedge funds are holding ICL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ICL Group Ltd (NYSE:ICLFree Report).

Institutional Ownership by Quarter for ICL Group (NYSE:ICL)

Receive News & Ratings for ICL Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICL Group and related companies with MarketBeat.com's FREE daily email newsletter.