DekaBank Deutsche Girozentrale Has $163,000 Position in ICL Group Ltd (NYSE:ICL)

DekaBank Deutsche Girozentrale cut its position in shares of ICL Group Ltd (NYSE:ICL) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,604 shares of the basic materials company’s stock after selling 3,117 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in ICL Group were worth $163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd lifted its position in shares of ICL Group by 3.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock worth $189,200,000 after acquiring an additional 1,360,670 shares during the period. Vanguard Group Inc. raised its stake in shares of ICL Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock valued at $136,043,000 after purchasing an additional 392,805 shares in the last quarter. Meitav Investment House Ltd. lifted its position in ICL Group by 2.8% in the second quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock worth $73,813,000 after purchasing an additional 465,031 shares during the period. Y.D. More Investments Ltd boosted its stake in ICL Group by 2,927,153.2% during the second quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock worth $62,766,000 after buying an additional 14,635,766 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in ICL Group in the 3rd quarter valued at $11,967,000. 13.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ICL has been the subject of a number of analyst reports. Barclays reduced their price objective 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 lowered ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 30th.

ICL Group Trading Up 0.7 %

Shares of ICL opened at $4.15 on Monday. The stock’s fifty day simple moving average is $4.14 and its 200-day simple moving average is $4.36. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.45 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 5.80 and a beta of 1.23. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $5.54.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $0.13 earnings per share. As a group, research analysts predict that ICL Group Ltd will post 0.34 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.037 per share. This represents a $0.15 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s dividend payout ratio (DPR) is presently 45.46%.

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.