ICL Group Ltd (NYSE:ICL) Holdings Raised by Signaturefd LLC

Signaturefd LLC lifted its stake in shares of ICL Group Ltd (NYSE:ICL) by 40.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,580 shares of the basic materials company’s stock after purchasing an additional 20,742 shares during the quarter. Signaturefd LLC’s holdings in ICL Group were worth $359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC raised its stake in shares of ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,910 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of ICL Group by 35.6% during the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 2,985 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 7,405 shares in the last quarter. Savant Capital LLC bought a new stake in shares of ICL Group during the fourth quarter valued at about $54,000. Finally, Townsquare Capital LLC bought a new stake in shares of ICL Group during the third quarter valued at about $56,000. 13.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ICL has been the topic of several research reports. Barclays boosted their price target on shares of ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. BMO Capital Markets boosted 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 report on Thursday, February 27th. Finally, StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th.

ICL Group Price Performance

Shares of ICL Group stock opened at $5.97 on Friday. The company’s 50-day moving average price is $5.97 and its two-hundred day moving average price is $4.97. The stock has a market cap of $7.84 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 7.10 and a beta of 1.21. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.57. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

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

ICL Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th will be paid a $0.0403 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a yield of 2.70%. This is a boost from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s dividend payout ratio (DPR) is currently 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.