Cerity Partners LLC Purchases 28,612 Shares of ICL Group Ltd (NYSE:ICL)

Cerity Partners LLC grew its position in ICL Group Ltd (NYSE:ICL) by 121.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,243 shares of the basic materials company’s stock after acquiring an additional 28,612 shares during the quarter. Cerity Partners LLC’s holdings in ICL Group were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of ICL Group by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,474,776 shares of the basic materials company’s stock worth $135,835,000 after buying an additional 373,097 shares during the period. Meitav Investment House Ltd. lifted its position in shares of 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 worth $93,205,000 after buying an additional 4,851,284 shares during the period. Phoenix Holdings Ltd. lifted its position in shares of ICL Group by 0.9% during the 3rd quarter. Phoenix Holdings Ltd. now owns 15,704,280 shares of the basic materials company’s stock worth $87,159,000 after buying an additional 138,500 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of ICL Group by 19.1% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,631,278 shares of the basic materials company’s stock worth $36,701,000 after buying an additional 1,062,203 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of ICL Group by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,794,411 shares of the basic materials company’s stock worth $15,509,000 after buying an additional 16,871 shares during the period. Institutional investors own 13.38% of the company’s stock.

ICL Group Trading Up 1.5 %

Shares of ICL opened at $4.63 on Monday. The stock has a fifty day moving average price of $5.06 and a two-hundred day moving average price of $4.96. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 1.53. ICL Group Ltd has a 52-week low of $4.30 and a 52-week high of $6.73. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 10.60 and a beta of 1.22.

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

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were given a $0.0476 dividend. This is an increase from ICL Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.19 annualized dividend and a yield of 4.11%. ICL Group’s payout ratio is presently 37.25%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays raised their target price on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a research report on Friday, March 1st. TheStreet downgraded ICL Group from a “b-” rating to a “c+” rating in a research report on Tuesday, January 2nd. 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 company’s stock. According to data from MarketBeat.com, ICL Group currently has a consensus rating of “Hold” and an average price target of $5.75.

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.