Two Sigma Investments LP Buys 18,914 Shares of ICL Group Ltd (NYSE:ICL)

Two Sigma Investments LP raised its stake in shares of ICL Group Ltd (NYSE:ICL) by 32.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,900 shares of the basic materials company’s stock after buying an additional 18,914 shares during the period. Two Sigma Investments LP’s holdings in ICL Group were worth $385,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of ICL Group by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company’s stock worth $132,850,000 after buying an additional 626,553 shares during the last quarter. Meitav Investment House Ltd. lifted its stake in shares of ICL Group by 21.3% in the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after buying an additional 3,606,357 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in ICL Group by 2.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 8,362,914 shares of the basic materials company’s stock worth $41,336,000 after acquiring an additional 219,101 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its stake in ICL Group by 106.0% during the 4th quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company’s stock valued at $22,584,000 after purchasing an additional 2,356,324 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in ICL Group by 24.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,900,381 shares of the basic materials company’s stock valued at $9,388,000 after purchasing an additional 373,407 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their target price on shares of ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Wall Street Zen cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets upped their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, February 27th.

ICL Group Price Performance

NYSE:ICL opened at $6.68 on Wednesday. The stock has a market cap of $8.77 billion, a P/E ratio of 21.53, a PEG ratio of 7.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The company has a fifty day moving average price of $6.49 and a 200 day moving average price of $5.89. ICL Group Ltd has a one year low of $3.79 and a one year high of $7.04.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Monday, May 19th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. Analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a $0.0426 dividend. This represents a $0.17 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, June 4th. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. ICL Group’s payout ratio is 51.61%.

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.