ICL Group (NYSE:ICL) Shares Gap Up to $4.74

ICL Group Ltd (NYSE:ICL) shares gapped up before the market opened on Tuesday . The stock had previously closed at $4.74, but opened at $4.95. ICL Group shares last traded at $4.94, with a volume of 80,548 shares changing hands.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price objective on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, ICL Group presently has a consensus rating of “Hold” and a consensus price target of $5.75.

ICL Group Stock Down 0.5 %

The firm has a market capitalization of $6.31 billion, a P/E ratio of 9.42, a P/E/G ratio of 10.79 and a beta of 1.25. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $4.99 and a two-hundred day simple moving average of $4.93.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. On average, equities analysts predict that ICL Group Ltd will post 0.33 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.0476 per share. This represents a $0.19 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from ICL Group’s previous quarterly dividend of $0.04. ICL Group’s dividend payout ratio (DPR) is currently 37.25%.

Hedge Funds Weigh In On ICL Group

Several large investors have recently modified their holdings of ICL. Altshuler Shaham Ltd increased its holdings in ICL Group by 0.6% during the 4th quarter. Altshuler Shaham Ltd now owns 43,077,642 shares of the basic materials company’s stock worth $215,923,000 after purchasing an additional 250,673 shares during the period. Vanguard Group Inc. grew its holdings in ICL Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 24,894,017 shares of the basic materials company’s stock worth $124,719,000 after acquiring an additional 419,241 shares in the last quarter. Meitav Investment House Ltd. increased its position in ICL Group by 40.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 16,906,845 shares of the basic materials company’s stock valued at $93,205,000 after purchasing an additional 4,851,284 shares during the period. Phoenix Holdings Ltd. raised its holdings in shares of ICL Group by 0.9% in the 3rd quarter. Phoenix Holdings Ltd. now owns 15,704,280 shares of the basic materials company’s stock valued at $87,159,000 after purchasing an additional 138,500 shares in the last quarter. Finally, Norges Bank bought a new position in shares of ICL Group during the fourth quarter valued at approximately $36,042,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Company Profile

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.