ICL Group Ltd. $ICL is Y.D. More Investments Ltd’s 3rd Largest Position

Y.D. More Investments Ltd boosted its stake in ICL Group Ltd. (NYSE:ICL) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,759,618 shares of the basic materials company’s stock after acquiring an additional 94,588 shares during the period. ICL Group accounts for 6.3% of Y.D. More Investments Ltd’s portfolio, making the stock its 3rd largest position. Y.D. More Investments Ltd’s holdings in ICL Group were worth $111,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new position in ICL Group in the 3rd quarter worth approximately $1,180,000. Swiss National Bank lifted its stake in ICL Group by 14.2% during the second quarter. Swiss National Bank now owns 2,480,755 shares of the basic materials company’s stock valued at $16,966,000 after purchasing an additional 308,077 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ICL Group by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,709,301 shares of the basic materials company’s stock worth $11,760,000 after acquiring an additional 82,436 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in ICL Group by 34.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,008,447 shares of the basic materials company’s stock worth $68,693,000 after buying an additional 2,563,805 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of ICL Group by 10.4% during the second quarter. Legal & General Group Plc now owns 3,792,583 shares of the basic materials company’s stock valued at $26,006,000 after acquiring an additional 356,343 shares during the period. 13.38% of the stock is currently owned by institutional investors.

ICL Group Price Performance

Shares of ICL Group stock traded up $0.04 during trading on Friday, reaching $5.43. 77,264 shares of the company’s stock were exchanged, compared to its average volume of 1,382,568. ICL Group Ltd. has a 1-year low of $4.85 and a 1-year high of $7.35. The firm’s 50-day moving average price is $5.44 and its 200 day moving average price is $5.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 0.80.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.77 billion. ICL Group had a return on equity of 7.43% and a net margin of 3.16%. As a group, analysts forecast that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.0465 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.19 annualized dividend and a dividend yield of 3.4%. ICL Group’s payout ratio is presently 48.28%.

Wall Street Analyst Weigh In

ICL has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ICL Group in a research note on Monday, December 29th. Barclays reduced their price objective on ICL Group from $7.00 to $6.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Finally, Wall Street Zen raised shares of ICL Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.23.

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.