Marshall Wace LLP Makes New Investment in ICL Group Ltd (NYSE:ICL)

Marshall Wace LLP bought a new stake in shares of ICL Group Ltd (NYSE:ICL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,156 shares of the basic materials company’s stock, valued at approximately $56,000.

Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in shares of ICL Group by 5.0% in 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 buying an additional 15,405 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in 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 valued at $189,200,000 after buying an additional 1,360,670 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in ICL Group by 10.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 37,721 shares of the basic materials company’s stock valued at $166,000 after buying an additional 3,667 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in ICL Group by 2,927,153.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock valued at $62,766,000 after buying an additional 14,635,766 shares in the last quarter. Finally, Choreo LLC bought a new stake in ICL Group during the 2nd quarter valued at about $67,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Stock Performance

ICL opened at $4.05 on Monday. The firm has a fifty day moving average price of $4.14 and a 200 day moving average price of $4.47. The stock has a market cap of $5.32 billion, a P/E ratio of 10.95, a P/E/G ratio of 5.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Equities research analysts anticipate that ICL Group Ltd will post 0.34 earnings per share for the current year.

ICL Group Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 3.65%. ICL Group’s dividend payout ratio is presently 37.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a report on Friday, August 16th. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th.

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.