Jane Street Group LLC Sells 11,341 Shares of ICL Group Ltd (NYSE:ICL)

Jane Street Group LLC decreased its holdings in ICL Group Ltd (NYSE:ICL) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,276 shares of the basic materials company’s stock after selling 11,341 shares during the quarter. Jane Street Group LLC’s holdings in ICL Group were worth $449,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Altshuler Shaham Ltd increased its position in ICL Group by 3.2% during the second quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock valued at $189,200,000 after acquiring an additional 1,360,670 shares during the last quarter. Y.D. More Investments Ltd lifted its position in shares of ICL Group by 2,927,153.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock valued at $62,766,000 after buying an additional 14,635,766 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of ICL Group during the 3rd quarter valued at approximately $11,967,000. Swiss National Bank lifted its holdings in ICL Group by 0.4% during the third quarter. Swiss National Bank now owns 2,306,997 shares of the basic materials company’s stock valued at $9,873,000 after purchasing an additional 8,848 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in ICL Group during the third quarter valued at about $6,689,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Stock Performance

Shares of NYSE ICL opened at $5.22 on Tuesday. The firm’s fifty day moving average is $4.68 and its two-hundred day moving average is $4.38. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $5.54. The company has a market cap of $6.86 billion, a P/E ratio of 16.84, a P/E/G ratio of 6.97 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. As a group, analysts anticipate that ICL Group Ltd will post 0.35 EPS for the current fiscal year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. This represents a $0.05 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Wednesday, December 4th. ICL Group’s payout ratio is 45.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

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.