ICL Group (NYSE:ICL) Reaches New 1-Year High – Here’s Why

ICL Group Ltd (NYSE:ICL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $6.20 and last traded at $6.19, with a volume of 100398 shares changing hands. The stock had previously closed at $6.13.

Wall Street Analyst Weigh In

Several research analysts have commented on ICL shares. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barclays raised shares of ICL Group from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $4.00 to $6.00 in a research note on Tuesday, January 21st.

ICL Group Trading Down 0.9 %

The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The company has a market cap of $8.11 billion, a PE ratio of 19.92, a PEG ratio of 6.98 and a beta of 1.23. The stock has a 50 day moving average price of $5.53 and a 200 day moving average price of $4.71.

Hedge Funds Weigh In On ICL Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in ICL Group by 56.8% during the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 1,910 shares during the period. GeoWealth Management LLC increased its stake in shares of ICL Group by 754.0% during the fourth quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 6,575 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of ICL Group by 35.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,985 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of ICL Group by 223.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 7,405 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of ICL Group in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

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.