UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.68 Million Stock Holdings in ICL Group Ltd (NYSE:ICL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of ICL Group Ltd (NYSE:ICL) by 9.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,335,527 shares of the basic materials company’s stock after buying an additional 120,169 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of ICL Group worth $5,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in ICL Group by 120.0% in the second quarter. Sequoia Financial Advisors LLC now owns 36,487 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 19,904 shares during the last quarter. Blue Trust Inc. grew its holdings in ICL Group by 93.2% during the second quarter. Blue Trust Inc. now owns 20,367 shares of the basic materials company’s stock worth $87,000 after buying an additional 9,823 shares in the last quarter. Optas LLC grew its stake in ICL Group by 18.1% in the 2nd quarter. Optas LLC now owns 28,782 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 4,410 shares during the period. Meitav Investment House Ltd. grew its stake in ICL Group by 2.8% in the 2nd quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock valued at $73,813,000 after purchasing an additional 465,031 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in ICL Group by 3.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 206,148 shares of the basic materials company’s stock valued at $893,000 after purchasing an additional 6,148 shares during the period. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Barclays decreased their price objective on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 16th.

ICL Group Price Performance

ICL opened at $5.02 on Wednesday. The stock’s 50 day simple moving average is $4.35 and its 200 day simple moving average is $4.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $5.54. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 6.81 and a beta of 1.25.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. During the same period last year, the company earned $0.11 EPS. As a group, analysts predict that ICL Group Ltd will post 0.35 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.0133 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, December 4th. ICL Group’s payout ratio is presently 48.39%.

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.