Marshall Wace LLP bought a new stake in shares of ICL Group Ltd (NYSE:ICL – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,156 shares of the basic materials company’s stock, valued at approximately $56,000.
Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in shares of ICL Group by 5.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 322,534 shares of the basic materials company’s stock worth $1,396,000 after buying an additional 15,405 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in ICL Group by 3.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock valued at $189,200,000 after buying an additional 1,360,670 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in ICL Group by 10.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 37,721 shares of the basic materials company’s stock valued at $166,000 after buying an additional 3,667 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in ICL Group by 2,927,153.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock valued at $62,766,000 after buying an additional 14,635,766 shares in the last quarter. Finally, Choreo LLC bought a new stake in ICL Group during the 2nd quarter valued at about $67,000. 13.38% of the stock is owned by hedge funds and other institutional investors.
ICL Group Stock Performance
ICL opened at $4.05 on Monday. The firm has a fifty day moving average price of $4.14 and a 200 day moving average price of $4.47. The stock has a market cap of $5.32 billion, a P/E ratio of 10.95, a P/E/G ratio of 5.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54.
ICL Group Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.037 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 3.65%. ICL Group’s dividend payout ratio is presently 37.84%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a report on Friday, August 16th. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Monday, September 30th.
Check Out Our Latest Analysis on ICL
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.
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