Dorsey & Whitney Trust CO LLC Takes $83,000 Position in ICL Group Ltd (NYSE:ICL)

Dorsey & Whitney Trust CO LLC purchased a new position in shares of ICL Group Ltd (NYSE:ICL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,832 shares of the basic materials company’s stock, valued at approximately $83,000.

Several other large investors have also made changes to their positions in ICL. Stifel Financial Corp lifted its stake in ICL Group by 65.0% during the third quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after purchasing an additional 232,842 shares during the last quarter. Meitav Investment House Ltd. lifted its position in shares of ICL Group by 21.3% during the 4th quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after buying an additional 3,606,357 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of ICL Group during the 3rd quarter worth $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in ICL Group by 9.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,335,527 shares of the basic materials company’s stock valued at $5,676,000 after buying an additional 120,169 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in ICL Group in the third quarter valued at about $126,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ICL. Barclays increased their target price on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. BMO Capital Markets increased their price objective on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Finally, StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th.

ICL Group Price Performance

Shares of ICL opened at $6.17 on Wednesday. The business has a 50-day simple moving average of $5.83 and a two-hundred day simple moving average of $4.90. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.57. The stock has a market cap of $8.11 billion, a PE ratio of 19.91, a PEG ratio of 7.10 and a beta of 1.21. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. Analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.0403 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s payout ratio is 50.00%.

ICL Group Profile

ICL Group Ltd, together with its subsidiaries, operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Growing Solutions. The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.