Parallel Advisors LLC Purchases 4,231 Shares of ICL Group Ltd. $ICL

Parallel Advisors LLC grew its position in shares of ICL Group Ltd. (NYSE:ICL) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,657 shares of the basic materials company’s stock after purchasing an additional 4,231 shares during the period. Parallel Advisors LLC’s holdings in ICL Group were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Foster Group Inc. bought a new stake in shares of ICL Group in the 1st quarter valued at about $59,000. Simon Quick Advisors LLC bought a new stake in shares of ICL Group in the 1st quarter valued at about $64,000. Ascent Group LLC bought a new stake in shares of ICL Group in the 1st quarter valued at about $73,000. M&T Bank Corp lifted its stake in shares of ICL Group by 13.0% in the 1st quarter. M&T Bank Corp now owns 14,925 shares of the basic materials company’s stock valued at $85,000 after acquiring an additional 1,716 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of ICL Group in the 1st quarter valued at about $103,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Stock Up 0.3%

Shares of ICL opened at $6.14 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.05. The business’s 50 day moving average price is $6.35 and its 200-day moving average price is $6.43. ICL Group Ltd. has a 52 week low of $3.79 and a 52 week high of $7.35.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a return on equity of 7.51% and a net margin of 5.28%.The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. On average, equities analysts predict that ICL Group Ltd. will post 0.37 earnings per share for the current year.

ICL Group Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.0426 per share. This represents a yield of 290.0%. The ex-dividend date was Wednesday, September 3rd. ICL Group’s dividend payout ratio (DPR) is currently 58.62%.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their target price on ICL Group from $5.80 to $6.20 and gave the company an “equal weight” rating in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.57.

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.