ICL Group (NYSE:ICL) Shares Gap Down to $5.02

ICL Group Ltd (NYSE:ICL)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.02, but opened at $4.91. ICL Group shares last traded at $4.87, with a volume of 155,008 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays boosted their price target on ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a report on Friday, March 1st. TheStreet lowered ICL Group from a “b-” rating to a “c+” rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.75.

ICL Group Stock Down 3.0 %

The firm has a market cap of $6.22 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 9.29 and a beta of 1.22. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $5.06 and a 200-day moving average of $5.03.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, February 28th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 12.04% and a net margin of 8.65%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion. On average, equities research analysts anticipate 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 Tuesday, March 26th. Shareholders of record on Thursday, March 14th were paid a $0.0476 dividend. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.19 annualized dividend and a yield of 4.02%. ICL Group’s dividend payout ratio is currently 37.26%.

Institutional Trading of ICL Group

Several institutional investors and hedge funds have recently bought and sold shares of ICL. Advisor Group Holdings Inc. raised its stake in ICL Group by 1,091.3% in the first quarter. Advisor Group Holdings Inc. now owns 3,002 shares of the basic materials company’s stock valued at $36,000 after buying an additional 2,750 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in ICL Group in the first quarter valued at approximately $214,000. D.A. Davidson & CO. bought a new stake in ICL Group in the first quarter valued at approximately $139,000. BlackRock Inc. raised its stake in ICL Group by 38.9% in the first quarter. BlackRock Inc. now owns 2,542,319 shares of the basic materials company’s stock valued at $30,686,000 after buying an additional 711,544 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in ICL Group by 18.2% in the first quarter. Allianz Asset Management GmbH now owns 442,295 shares of the basic materials company’s stock valued at $5,299,000 after buying an additional 68,126 shares during the period. Institutional investors own 13.38% of the company’s stock.

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.