DekaBank Deutsche Girozentrale Boosts Stock Holdings in ICL Group Ltd (NYSE:ICL)

DekaBank Deutsche Girozentrale lifted its stake in ICL Group Ltd (NYSE:ICL) by 10.8% in the second quarter, HoldingsChannel reports. The firm owned 37,721 shares of the basic materials company’s stock after acquiring an additional 3,667 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in ICL Group were worth $166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its position in shares of ICL Group by 59.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 75,172 shares of the basic materials company’s stock worth $377,000 after buying an additional 27,934 shares in the last quarter. Norges Bank acquired a new position in ICL Group during the 4th quarter worth approximately $36,042,000. EverSource Wealth Advisors LLC increased its position in shares of ICL Group by 168.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 14,156 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 8,887 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of ICL Group by 13.7% in the 4th quarter. TD Asset Management Inc now owns 277,486 shares of the basic materials company’s stock valued at $1,411,000 after purchasing an additional 33,454 shares in the last quarter. Finally, CoreCommodity Management LLC raised its holdings in shares of ICL Group by 27.9% in the 4th quarter. CoreCommodity Management LLC now owns 280,976 shares of the basic materials company’s stock valued at $1,408,000 after purchasing an additional 61,241 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ICL. StockNews.com raised ICL Group from a “buy” rating to a “strong-buy” rating in a report on Friday. Barclays cut their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th.

ICL Group Price Performance

Shares of NYSE:ICL opened at $3.81 on Friday. ICL Group Ltd has a 12 month low of $3.80 and a 12 month high of $5.72. The firm has a market capitalization of $5.01 billion, a P/E ratio of 10.30, 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 current ratio of 1.62 and a quick ratio of 0.94. The company’s fifty day moving average price is $4.24 and its 200 day moving average price is $4.59.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. During the same period in the previous year, the business earned $0.13 EPS. As a group, sell-side analysts predict that ICL Group Ltd will post 0.36 earnings per share 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 issued a $0.037 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.88%. ICL Group’s payout ratio is 37.84%.

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.