Cerity Partners LLC Raises Stock Holdings in ICL Group Ltd. (NYSE:ICL)

Cerity Partners LLC lifted its stake in ICL Group Ltd. (NYSE:ICL) by 135.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,246 shares of the basic materials company’s stock after purchasing an additional 112,865 shares during the period. Cerity Partners LLC’s holdings in ICL Group were worth $1,109,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of ICL Group by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 26,898,125 shares of the basic materials company’s stock worth $132,850,000 after purchasing an additional 626,553 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in ICL Group by 2.7% in 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 buying an additional 219,101 shares during the last quarter. JPMorgan Chase & Co. grew its position in ICL Group by 24.5% in 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 acquiring an additional 373,407 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of ICL Group by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 1,626,865 shares of the basic materials company’s stock worth $9,257,000 after acquiring an additional 89,399 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in ICL Group by 20.2% in the fourth quarter. Nuveen Asset Management LLC now owns 1,412,613 shares of the basic materials company’s stock worth $6,978,000 after acquiring an additional 237,704 shares during the period. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price target on ICL Group from $5.80 to $6.20 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd.

ICL Group Stock Performance

Shares of ICL opened at $6.88 on Wednesday. The business’s 50-day moving average is $6.77 and its 200-day moving average is $6.30. The company has a current ratio of 1.47, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30. ICL Group Ltd. has a fifty-two week low of $3.79 and a fifty-two week high of $7.35.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Monday, May 19th. The basic materials company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. ICL Group had a return on equity of 7.86% and a net margin of 5.66%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. On average, analysts anticipate that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.0426 dividend. This is an increase from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Wednesday, June 4th. ICL Group’s dividend payout ratio (DPR) is presently 51.61%.

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.