ICL Group (NYSE:ICL) Shares Gap Down to $4.28

ICL Group Ltd (NYSE:ICL) shares gapped down before the market opened on Monday . The stock had previously closed at $4.28, but opened at $4.19. ICL Group shares last traded at $4.19, with a volume of 83,416 shares.

ICL Group Price Performance

The stock has a market cap of $5.52 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 6.21 and a beta of 1.25. The company has a quick ratio of 0.93, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average is $4.62 and its 200 day moving average is $4.82.

ICL Group (NYSE:ICL) last issued its 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 net margin of 6.68% and a return on equity of 9.05%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm posted $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. Stockholders of record on Thursday, June 6th were given a $0.0457 dividend. This represents a $0.18 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, June 6th. ICL Group’s payout ratio is 48.65%.

Institutional Investors Weigh In On ICL Group

Several hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its holdings in ICL Group by 103.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after buying an additional 3,612 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of ICL Group in the fourth quarter worth about $51,000. Kathmere Capital Management LLC purchased a new position in ICL Group in the first quarter valued at about $54,000. Callan Capital LLC acquired a new stake in ICL Group during the 1st quarter valued at approximately $60,000. Finally, Blue Trust Inc. increased its holdings in 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 during the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

ICL Group Company 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.