Altshuler Shaham Ltd Has $151.16 Million Holdings in ICL Group Ltd. $ICL

Altshuler Shaham Ltd raised its position in ICL Group Ltd. (NYSE:ICL) by 96.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,349,667 shares of the basic materials company’s stock after buying an additional 12,946,737 shares during the period. ICL Group accounts for about 2.2% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 18th biggest position. Altshuler Shaham Ltd’s holdings in ICL Group were worth $151,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ICL. Public Employees Retirement System of Ohio lifted its position in shares of ICL Group by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 127,979 shares of the basic materials company’s stock worth $734,000 after purchasing an additional 2,045 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of ICL Group by 6.1% during the second quarter. Evergreen Capital Management LLC now owns 36,306 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 2,097 shares in the last quarter. Choreo LLC lifted its position in shares of ICL Group by 16.3% during the third quarter. Choreo LLC now owns 16,461 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 2,303 shares in the last quarter. First Trust Advisors LP lifted its position in shares of ICL Group by 2.2% during the second quarter. First Trust Advisors LP now owns 134,570 shares of the basic materials company’s stock worth $923,000 after purchasing an additional 2,841 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of ICL Group by 29.1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 16,996 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 3,830 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ICL shares. Weiss Ratings upgraded shares of ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Barclays upped their target price on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of ICL Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, ICL Group has a consensus rating of “Hold” and an average target price of $6.60.

ICL Group Trading Down 3.0%

Shares of NYSE ICL opened at $5.25 on Thursday. The company’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $5.51. ICL Group Ltd. has a fifty-two week low of $4.76 and a fifty-two week high of $7.35. The firm has a market capitalization of $6.77 billion, a P/E ratio of 26.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.38 and a quick ratio of 0.80.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. ICL Group had a net margin of 3.52% and a return on equity of 7.84%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.92 billion. On average, analysts predict that ICL Group Ltd. will post 0.43 EPS for the current year.

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were issued a $0.0535 dividend. This is an increase from ICL Group’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, June 2nd. ICL Group’s dividend payout ratio (DPR) is currently 80.00%.

ICL Group Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.