HighTower Advisors LLC Sells 8,767 Shares of ICL Group Ltd (NYSE:ICL)

HighTower Advisors LLC reduced its stake in shares of ICL Group Ltd (NYSE:ICL) by 36.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,583 shares of the basic materials company’s stock after selling 8,767 shares during the period. HighTower Advisors LLC’s holdings in ICL Group were worth $77,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meitav Investment House Ltd. raised its position in shares of ICL Group by 21.3% during the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock worth $101,391,000 after acquiring an additional 3,606,357 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in ICL Group by 15.1% during the 4th quarter. Y.D. More Investments Ltd now owns 16,479,059 shares of the basic materials company’s stock worth $81,334,000 after purchasing an additional 2,161,715 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of ICL Group in the 3rd quarter worth approximately $1,316,000. Stifel Financial Corp boosted its stake in shares of ICL Group by 65.0% in the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock valued at $2,513,000 after purchasing an additional 232,842 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of ICL Group by 10.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 1,733,773 shares of the basic materials company’s stock worth $8,564,000 after buying an additional 159,910 shares during the period. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Trading Down 5.6 %

ICL opened at $5.36 on Friday. The company has a fifty day moving average price of $5.96 and a two-hundred day moving average price of $5.09. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $6.57. The company has a market cap of $7.04 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 7.10 and a beta of 1.21. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. Analysts predict that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were issued a $0.0403 dividend. This is a boost from ICL Group’s previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group’s dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Thursday, February 27th. Barclays upped their target price on ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th.

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.