Zurcher Kantonalbank Zurich Cantonalbank Has $1.13 Million Stock Position in ICL Group Ltd (NYSE:ICL)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in ICL Group Ltd (NYSE:ICL) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 221,907 shares of the basic materials company’s stock after purchasing an additional 7,213 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ICL Group were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ICL. Meitav Investment House Ltd. raised its holdings in ICL Group by 40.2% in 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 acquiring an additional 4,851,284 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in ICL Group in the 3rd quarter valued at approximately $10,193,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in ICL Group by 19.1% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,631,278 shares of the basic materials company’s stock valued at $36,701,000 after acquiring an additional 1,062,203 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in ICL Group by 507.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 922,396 shares of the basic materials company’s stock valued at $5,105,000 after acquiring an additional 770,442 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in ICL Group by 36.1% in the 3rd quarter. CWA Asset Management Group LLC now owns 2,405,516 shares of the basic materials company’s stock valued at $13,351,000 after acquiring an additional 637,755 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ICL. Barclays upped their price target on ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a report on Friday, March 1st. TheStreet cut ICL Group from a “b-” rating to a “c+” rating in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.75.

ICL Group Trading Up 1.5 %

Shares of ICL opened at $4.63 on Friday. ICL Group Ltd has a 1 year low of $4.30 and a 1 year high of $6.73. 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 stock has a 50 day simple moving average of $5.06 and a 200-day simple moving average of $4.96. The stock has a market cap of $6.08 billion, a PE ratio of 9.08, a PEG ratio of 10.44 and a beta of 1.22.

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

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 14th were issued a dividend of $0.0476 per share. This represents a $0.19 dividend on an annualized basis and a yield of 4.11%. This is a boost from ICL Group’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 13th. ICL Group’s dividend payout ratio (DPR) is currently 37.26%.

ICL Group 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.