ICL Group Ltd (NYSE:ICL) Shares Acquired by Optas LLC

Optas LLC raised its position in shares of ICL Group Ltd (NYSE:ICL) by 26.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,210 shares of the basic materials company’s stock after buying an additional 6,022 shares during the quarter. Optas LLC’s holdings in ICL Group were worth $144,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Claro Advisors LLC increased its holdings in shares of ICL Group by 18.4% in the 4th quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock valued at $91,000 after acquiring an additional 2,872 shares during the last quarter. Quantbot Technologies LP grew its position in shares of ICL Group by 35.6% during the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock valued at $48,000 after buying an additional 2,985 shares during the last quarter. GW Henssler & Associates Ltd. raised its position in shares of ICL Group by 18.0% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 3,010 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of ICL Group by 40.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 14,368 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 4,140 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in ICL Group by 22.3% during the 3rd quarter. Inspire Investing LLC now owns 24,847 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 4,535 shares during the period. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

ICL has been the topic of a number of recent research reports. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $4.00 to $6.00 in a research note on Tuesday, January 21st. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

ICL Group Trading Up 2.8 %

Shares of ICL stock opened at $6.01 on Wednesday. The firm has a market capitalization of $7.89 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 6.70 and a beta of 1.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.18. The stock has a fifty day moving average of $5.25 and a two-hundred day moving average of $4.58.

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

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, December 4th. ICL Group’s payout ratio is currently 48.39%.

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.