Cerity Partners LLC Acquires 33,463 Shares of ICL Group Ltd (NYSE:ICL)

Cerity Partners LLC grew its holdings in ICL Group Ltd (NYSE:ICL) by 67.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,381 shares of the basic materials company’s stock after acquiring an additional 33,463 shares during the period. Cerity Partners LLC’s holdings in ICL Group were worth $394,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. lifted its stake in shares of ICL Group by 21.3% in the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock valued at $101,391,000 after purchasing an additional 3,606,357 shares during the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its position in ICL Group by 106.0% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company’s stock worth $22,584,000 after buying an additional 2,356,324 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in ICL Group by 15.1% during the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company’s stock valued at $81,334,000 after buying an additional 2,161,715 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its position in shares of ICL Group by 101.6% in the fourth quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,582,283 shares of the basic materials company’s stock worth $7,803,000 after buying an additional 797,450 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ICL Group during the 4th quarter worth about $3,610,000. 13.38% of the stock is owned by institutional investors.

ICL Group Trading Up 2.0 %

ICL Group stock opened at $6.49 on Wednesday. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.57. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The firm has a market capitalization of $8.52 billion, a PE ratio of 20.92, a PEG ratio of 7.10 and a beta of 1.18. The business’s 50-day simple moving average is $6.02 and its 200-day simple moving average is $5.29.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. Equities research analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were given a dividend of $0.0403 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 2.49%. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Barclays increased their price target on ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, March 5th. Finally, StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th.

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.