Russell Investments Group Ltd. Grows Position in Israel Chemicals Ltd. (ICL)
Russell Investments Group Ltd. increased its position in shares of Israel Chemicals Ltd. (NYSE:ICL) by 117.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,128 shares of the basic materials company’s stock after buying an additional 47,562 shares during the quarter. Russell Investments Group Ltd.’s holdings in Israel Chemicals were worth $390,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in ICL. Bank of New York Mellon Corp lifted its position in Israel Chemicals by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,379,180 shares of the basic materials company’s stock worth $6,124,000 after acquiring an additional 71,750 shares during the period. First Eagle Investment Management LLC lifted its position in Israel Chemicals by 1.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 26,215,367 shares of the basic materials company’s stock worth $116,315,000 after acquiring an additional 354,015 shares during the period. Stevens Capital Management LP acquired a new stake in Israel Chemicals during the 3rd quarter worth approximately $105,000. River & Mercantile Asset Management LLP lifted its position in Israel Chemicals by 72.4% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 515,001 shares of the basic materials company’s stock worth $2,274,000 after acquiring an additional 216,200 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in Israel Chemicals during the 2nd quarter worth approximately $996,000. Hedge funds and other institutional investors own 6.37% of the company’s stock.
Shares of Israel Chemicals Ltd. (NYSE:ICL) opened at $4.11 on Friday. Israel Chemicals Ltd. has a 1 year low of $3.85 and a 1 year high of $4.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.70 and a current ratio of 1.24. The firm has a market capitalization of $5,202.89, a P/E ratio of 21.63 and a beta of 1.16.
Israel Chemicals (NYSE:ICL) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Israel Chemicals had a return on equity of 13.20% and a net margin of 4.47%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. equities analysts predict that Israel Chemicals Ltd. will post 0.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Tuesday, December 5th were given a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a yield of 4.28%. This is a boost from Israel Chemicals’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, December 5th. Israel Chemicals’s dividend payout ratio (DPR) is presently 94.74%.
A number of analysts have weighed in on ICL shares. Zacks Investment Research cut Israel Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. ValuEngine cut Israel Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Israel Chemicals in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.88.
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About Israel Chemicals
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 and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.
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