Provident Co of the Employees of the Hebrew University LTD Has $1.87 Million Position in ICL Group Ltd (NYSE:ICL)

Provident Co of the Employees of the Hebrew University LTD grew its position in ICL Group Ltd (NYSE:ICL) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 378,955 shares of the basic materials company’s stock after purchasing an additional 7,565 shares during the period. ICL Group comprises approximately 2.2% of Provident Co of the Employees of the Hebrew University LTD’s holdings, making the stock its 19th biggest holding. Provident Co of the Employees of the Hebrew University LTD’s holdings in ICL Group were worth $1,869,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ICL. Meitav Investment House Ltd. increased its holdings in 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 valued at $101,391,000 after purchasing an additional 3,606,357 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its stake in shares of ICL Group by 106.0% in the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 4,579,516 shares of the basic materials company’s stock valued at $22,584,000 after buying an additional 2,356,324 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of ICL Group by 15.1% in the fourth quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company’s stock valued at $81,334,000 after buying an additional 2,161,715 shares during the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its position in ICL Group by 101.6% during the 4th quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,582,283 shares of the basic materials company’s stock worth $7,803,000 after buying an additional 797,450 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in ICL Group during the 3rd quarter worth about $1,316,000. Institutional investors own 13.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on ICL shares. Barclays boosted their price objective on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets raised their price target on shares of ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, February 27th.

ICL Group Stock Up 2.0 %

Shares of ICL opened at $6.25 on Monday. The stock has a market capitalization of $8.20 billion, a PE ratio of 20.15, a P/E/G ratio of 7.10 and a beta of 1.21. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $5.90 and its 200-day moving average is $4.94. ICL Group Ltd has a 12 month low of $3.79 and a 12 month high of $6.57.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. Equities research analysts forecast that ICL Group Ltd will post 0.37 EPS for the current year.

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th will be given a dividend of $0.0403 per share. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 2.58%. ICL Group’s dividend payout ratio is presently 50.00%.

About ICL Group

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.