ICL Group Ltd (NYSE:ICL) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ICL Group Ltd (NYSE:ICL) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 206,148 shares of the basic materials company’s stock after acquiring an additional 6,148 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ICL Group were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. lifted its stake in shares of ICL Group by 150.9% in the 4th quarter. First Trust Direct Indexing L.P. now owns 65,864 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 39,617 shares during the period. Metis Global Partners LLC boosted its holdings in ICL Group by 28.2% in the 4th quarter. Metis Global Partners LLC now owns 80,307 shares of the basic materials company’s stock valued at $403,000 after purchasing an additional 17,682 shares in the last quarter. Altshuler Shaham Ltd increased its position in ICL Group by 0.6% during the 4th quarter. Altshuler Shaham Ltd now owns 43,077,642 shares of the basic materials company’s stock worth $215,923,000 after purchasing an additional 250,673 shares during the period. Jump Financial LLC lifted its holdings in shares of ICL Group by 550.0% in the 4th quarter. Jump Financial LLC now owns 117,001 shares of the basic materials company’s stock valued at $586,000 after buying an additional 99,001 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of ICL Group in the fourth quarter valued at approximately $78,000. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Trading Down 4.8 %

Shares of ICL opened at $4.37 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94. ICL Group Ltd has a 1-year low of $3.80 and a 1-year high of $6.03. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 6.10 and a beta of 1.25. The firm has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $4.68.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. During the same quarter last year, the business posted $0.13 earnings per share. Equities analysts forecast that ICL Group Ltd will post 0.36 EPS for the current fiscal year.

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.037 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 3.39%. ICL Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Separately, Barclays cut their price objective on ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Friday, August 16th.

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.