Arrowstreet Capital Limited Partnership Has $68.69 Million Stock Holdings in ICL Group Ltd. $ICL

Arrowstreet Capital Limited Partnership grew its holdings in ICL Group Ltd. (NYSE:ICL) by 34.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,008,447 shares of the basic materials company’s stock after acquiring an additional 2,563,805 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in ICL Group were worth $68,693,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. US Bancorp DE lifted its stake in shares of ICL Group by 10.1% in the 1st quarter. US Bancorp DE now owns 62,554 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 5,747 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in ICL Group by 4.1% during the first quarter. PNC Financial Services Group Inc. now owns 47,719 shares of the basic materials company’s stock valued at $272,000 after buying an additional 1,890 shares in the last quarter. Vanguard Group Inc. raised its holdings in ICL Group by 2.3% during the first quarter. Vanguard Group Inc. now owns 27,529,333 shares of the basic materials company’s stock valued at $156,339,000 after buying an additional 631,208 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ICL Group by 23.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 179,405 shares of the basic materials company’s stock worth $1,021,000 after buying an additional 34,333 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of ICL Group by 32.9% during the 1st quarter. Deutsche Bank AG now owns 1,692,750 shares of the basic materials company’s stock worth $9,632,000 after acquiring an additional 419,325 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ICL shares. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a research note on Monday. Barclays lowered their price target on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.23.

ICL Group Trading Down 1.0%

ICL Group stock opened at $5.20 on Friday. ICL Group Ltd. has a 12 month low of $4.70 and a 12 month high of $7.35. The business has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $6.35. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.95 billion. ICL Group had a return on equity of 7.24% and a net margin of 5.23%. Equities research analysts predict that ICL Group Ltd. will post 0.37 earnings per share for the current year.

ICL Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 2nd. ICL Group’s dividend payout ratio (DPR) is presently 48.28%.

ICL Group Company 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.