ICL Group Ltd. $ICL Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in ICL Group Ltd. (NYSE:ICL) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,234 shares of the basic materials company’s stock after selling 5,319 shares during the period. Public Employees Retirement System of Ohio’s holdings in ICL Group were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Simon Quick Advisors LLC acquired a new position in ICL Group in the 1st quarter valued at $64,000. Ascent Group LLC purchased a new stake in shares of ICL Group in the first quarter valued at $73,000. M&T Bank Corp grew its position in shares of ICL Group by 13.0% in the first quarter. M&T Bank Corp now owns 14,925 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 1,716 shares during the period. State of Wyoming acquired a new position in ICL Group in the first quarter valued at $103,000. Finally, Callan Capital LLC lifted its position in ICL Group by 12.6% during the first quarter. Callan Capital LLC now owns 18,531 shares of the basic materials company’s stock worth $104,000 after buying an additional 2,076 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Down 0.4%

ICL opened at $6.24 on Monday. ICL Group Ltd. has a 52-week low of $3.91 and a 52-week high of $7.35. The company has a current ratio of 1.75, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $6.21 and a two-hundred day moving average of $6.44.

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

ICL Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.0426 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a dividend yield of 290.0%. ICL Group’s payout ratio is 58.62%.

Wall Street Analyst Weigh In

Several research firms have commented on ICL. Morgan Stanley lifted their price target on ICL Group from $5.80 to $6.20 and gave the company an “equal weight” rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, ICL Group has an average rating of “Hold” and a consensus price target 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.