ICL Group (NYSE:ICL) Shares Gap Down to $4.51

ICL Group Ltd (NYSE:ICL) gapped down before the market opened on Monday . The stock had previously closed at $4.51, but opened at $4.39. ICL Group shares last traded at $4.40, with a volume of 101,461 shares trading hands.

Analyst Ratings Changes

Separately, Barclays lifted their price target on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a research note on Friday, March 1st.

ICL Group Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.60. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 6.54 and a beta of 1.26. The business’s 50 day moving average is $4.70 and its 200 day moving average is $4.87.

ICL Group (NYSE:ICL) last issued its earnings results on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.66 billion. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. During the same quarter last year, the firm posted $0.23 earnings per share. Equities analysts expect that ICL Group Ltd will post 0.33 earnings per share for the current year.

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.0457 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.18 annualized dividend and a yield of 4.12%. ICL Group’s dividend payout ratio (DPR) is presently 48.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICL. Massmutual Trust Co. FSB ADV raised its stake in shares of ICL Group by 103.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 3,612 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in ICL Group in the 1st quarter valued at $54,000. SVB Wealth LLC acquired a new stake in ICL Group during the fourth quarter worth about $51,000. Blue Trust Inc. grew its holdings in shares of ICL Group by 45.6% during the 4th quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 3,495 shares in the last quarter. Finally, Callan Capital LLC bought a new stake in ICL Group in the 1st quarter valued at $60,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.