Quadrature Capital Ltd Has $93,000 Stake in ICL Group Ltd (NYSE:ICL)

Quadrature Capital Ltd increased its stake in shares of ICL Group Ltd (NYSE:ICL) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,499 shares of the basic materials company’s stock after buying an additional 5,193 shares during the quarter. Quadrature Capital Ltd’s holdings in ICL Group were worth $93,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in ICL Group during the fourth quarter worth approximately $51,000. Blue Trust Inc. lifted its stake in ICL Group by 45.6% during the fourth 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 during the last quarter. Belpointe Asset Management LLC bought a new stake in ICL Group during the third quarter worth $63,000. Tower Research Capital LLC TRC lifted its stake in ICL Group by 72,341.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,315 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 12,298 shares during the last quarter. Finally, Capricorn Fund Managers Ltd bought a new stake in ICL Group during the fourth quarter worth $68,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays upped their target price 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 Down 1.9 %

Shares of ICL opened at $4.28 on Friday. ICL Group Ltd has a 52 week low of $4.26 and a 52 week high of $6.73. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 6.37 and a beta of 1.25. 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 fifty day moving average of $4.64 and a 200-day moving average of $4.83.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the prior year, the company earned $0.23 EPS. As a group, sell-side analysts anticipate that ICL Group Ltd will post 0.33 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were given a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Thursday, June 6th. ICL Group’s dividend payout ratio is currently 48.65%.

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.