ICL Group Ltd. $ICL Holdings Raised by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd boosted its holdings in ICL Group Ltd. (NYSE:ICL) by 12.8% in the first quarter, HoldingsChannel.com reports. The firm owned 22,040,479 shares of the basic materials company’s stock after acquiring an additional 2,502,702 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in ICL Group were worth $112,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in ICL. Farther Finance Advisors LLC grew its holdings in shares of ICL Group by 351.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,157 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 4,014 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of ICL Group during the 4th quarter worth approximately $38,000. Boothbay Fund Management LLC bought a new stake in shares of ICL Group in the 4th quarter worth approximately $59,000. R Squared Ltd bought a new stake in shares of ICL Group in the 1st quarter worth approximately $62,000. Finally, Ground Swell Capital LLC acquired a new position in ICL Group during the 1st quarter valued at approximately $69,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Stock Performance

ICL opened at $5.25 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.38 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6.78 billion, a PE ratio of 26.27 and a beta of 0.97. The business has a fifty day simple moving average of $5.62 and a 200-day simple moving average of $5.47. ICL Group Ltd. has a fifty-two week low of $4.76 and a fifty-two week high of $7.08.

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

ICL Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of ICL Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays boosted their target price on shares of ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. Finally, 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. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.00.

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.