ICL Group (NYSE:ICL) Sets New 52-Week Low at $3.80

Shares of ICL Group Ltd (NYSE:ICL) hit a new 52-week low during trading on Friday . The company traded as low as $3.80 and last traded at $3.80, with a volume of 648247 shares. The stock had previously closed at $3.92.

Analyst Ratings Changes

Separately, Barclays reduced their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 16th.

ICL Group Stock Performance

The stock has a market cap of $4.99 billion, a PE ratio of 10.59, a P/E/G ratio of 5.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62. The business’s fifty day moving average price is $4.26 and its 200-day moving average price is $4.60.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm posted $0.13 EPS. As a group, equities research analysts forecast that ICL Group Ltd will post 0.36 EPS for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.037 per share. This represents a $0.15 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s dividend payout ratio is 37.84%.

Institutional Investors Weigh In On ICL Group

A number of institutional investors and hedge funds have recently modified their holdings of ICL. Aristides Capital LLC bought a new stake in shares of ICL Group in the 2nd quarter valued at about $147,000. The Manufacturers Life Insurance Company lifted its holdings in ICL Group by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 526,644 shares of the basic materials company’s stock valued at $2,281,000 after purchasing an additional 31,350 shares in the last quarter. Marshall Wace LLP purchased a new position in ICL Group in the 2nd quarter valued at $56,000. Public Sector Pension Investment Board grew its position in shares of ICL Group by 5.0% in the second quarter. Public Sector Pension Investment Board now owns 322,534 shares of the basic materials company’s stock valued at $1,396,000 after purchasing an additional 15,405 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its holdings in shares of ICL Group by 3.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock worth $189,200,000 after buying an additional 1,360,670 shares during the last quarter. 13.38% of the stock is owned by institutional investors.

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.