Israel Chemicals Ltd (NYSE:ICL) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.30 and last traded at $6.24, with a volume of 11391 shares traded. The stock had previously closed at $6.19.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Israel Chemicals from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Zacks Investment Research downgraded Israel Chemicals from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Finally, BMO Capital Markets restated a “hold” rating and issued a $5.25 price target on shares of Israel Chemicals in a research note on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.25.

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.35 and a quick ratio of 0.76. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 20.16 and a beta of 1.14.

Israel Chemicals (NYSE:ICL) last posted its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $1.37 billion during the quarter. Israel Chemicals had a return on equity of 14.16% and a net margin of 22.74%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. equities analysts forecast that Israel Chemicals Ltd will post 0.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were paid a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 2.77%. This is an increase from Israel Chemicals’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, August 20th. Israel Chemicals’s dividend payout ratio (DPR) is currently 32.26%.

A number of hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group grew its stake in Israel Chemicals by 43.8% in the second quarter. Schroder Investment Management Group now owns 655,043 shares of the basic materials company’s stock valued at $10,939,000 after purchasing an additional 199,511 shares in the last quarter. Voya Investment Management LLC grew its stake in Israel Chemicals by 526.7% in the second quarter. Voya Investment Management LLC now owns 473,144 shares of the basic materials company’s stock valued at $2,159,000 after purchasing an additional 397,649 shares in the last quarter. Van ECK Associates Corp grew its stake in Israel Chemicals by 40.4% in the second quarter. Van ECK Associates Corp now owns 2,014,048 shares of the basic materials company’s stock valued at $9,265,000 after purchasing an additional 579,976 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Israel Chemicals by 10.7% in the second quarter. Renaissance Technologies LLC now owns 757,600 shares of the basic materials company’s stock valued at $3,485,000 after buying an additional 73,300 shares during the last quarter. Finally, Altshuler Shaham Ltd lifted its position in shares of Israel Chemicals by 150.9% in the second quarter. Altshuler Shaham Ltd now owns 253,145 shares of the basic materials company’s stock valued at $1,155,000 after buying an additional 152,238 shares during the last quarter. Hedge funds and other institutional investors own 8.11% of the company’s stock.

About Israel Chemicals (NYSE:ICL)

Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash, salt, and Polysulphate; and produces, markets, and sells pure magnesium and magnesium alloys, as well as produces dry carnallite and related by-products, including chlorine and sylvinite.

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