Altshuler Shaham Ltd Grows Holdings in ICL Group Ltd (NYSE:ICL)

Altshuler Shaham Ltd increased its stake in shares of ICL Group Ltd (NYSE:ICL) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,077,642 shares of the basic materials company’s stock after buying an additional 250,673 shares during the period. ICL Group comprises about 11.9% of Altshuler Shaham Ltd’s holdings, making the stock its 4th biggest position. Altshuler Shaham Ltd’s holdings in ICL Group were worth $215,923,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ICL. SVB Wealth LLC purchased a new position in ICL Group in the 4th quarter valued at approximately $51,000. Blue Trust Inc. lifted its stake in ICL Group by 45.6% in the 4th quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 3,495 shares in the last quarter. Belpointe Asset Management LLC bought a new position in ICL Group in the 3rd quarter valued at $63,000. Autumn Glory Partners LLC bought a new position in ICL Group in the 3rd quarter valued at $67,000. Finally, Capricorn Fund Managers Ltd purchased a new stake in shares of ICL Group during the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Trading Down 0.5 %

Shares of ICL traded down $0.03 during trading hours on Thursday, reaching $4.81. 585,128 shares of the company traded hands, compared to its average volume of 823,725. The company’s fifty day moving average price is $5.00 and its two-hundred day moving average price is $4.93. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 10.79 and a beta of 1.25. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 12 month low of $4.30 and a 12 month high of $6.73.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. Equities research analysts predict that ICL Group Ltd will post 0.33 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 14th were paid a dividend of $0.0476 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.19 annualized dividend and a yield of 3.96%. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. ICL Group’s payout ratio is presently 37.25%.

Wall Street Analyst Weigh In

Separately, Barclays raised their price objective on shares of ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ICL Group presently has a consensus rating of “Hold” and a consensus target price of $5.75.

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.