ICL Group Ltd. (NYSE:ICL) Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in ICL Group Ltd. (NYSE:ICL) by 135.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,246 shares of the basic materials company’s stock after acquiring an additional 112,865 shares during the period. Cerity Partners LLC’s holdings in ICL Group were worth $1,109,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in ICL Group by 85.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,072 shares of the basic materials company’s stock worth $717,000 after buying an additional 66,933 shares in the last quarter. Corient Private Wealth LLC boosted its stake in ICL Group by 15.9% in the 4th quarter. Corient Private Wealth LLC now owns 79,698 shares of the basic materials company’s stock worth $394,000 after purchasing an additional 10,942 shares during the period. Vanguard Group Inc. boosted its stake in 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 during the period. United Services Automobile Association acquired a new position in ICL Group in the 4th quarter worth approximately $108,000. Finally, JPMorgan Chase & Co. boosted its stake 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 worth $9,388,000 after purchasing an additional 373,407 shares during the period. Institutional investors own 13.38% of the company’s stock.

Analyst Ratings Changes

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

ICL Group Stock Performance

NYSE ICL opened at $6.88 on Wednesday. The company has a 50 day moving average of $6.77 and a 200-day moving average of $6.30. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.30. ICL Group Ltd. has a 1-year low of $3.79 and a 1-year high of $7.35.

ICL Group (NYSE:ICL) last posted 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. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. ICL Group had a net margin of 5.66% and a return on equity of 7.86%. As a group, analysts expect that ICL Group Ltd. will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a $0.0426 dividend. The ex-dividend date was Wednesday, June 4th. This is a boost from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a yield of 2.48%. 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.