ICL Group Ltd (NYSE:ICL) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in ICL Group Ltd (NYSE:ICL) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,721 shares of the basic materials company’s stock after acquiring an additional 3,667 shares during the period. DekaBank Deutsche Girozentrale’s holdings in ICL Group were worth $166,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Y.D. More Investments Ltd increased its holdings in shares of ICL Group by 2,927,153.2% in the second 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 purchasing an additional 14,635,766 shares during the last quarter. Norges Bank acquired a new stake in shares of ICL Group in the 4th quarter worth $36,042,000. Meitav Investment House Ltd. increased its position in ICL Group by 2.8% during the second quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock worth $73,813,000 after purchasing an additional 465,031 shares during the last quarter. Vanguard Group Inc. raised its stake in ICL Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 24,894,017 shares of the basic materials company’s stock worth $124,719,000 after purchasing an additional 419,241 shares during the period. Finally, Tidal Investments LLC boosted its holdings in ICL Group by 931.7% in the 1st quarter. Tidal Investments LLC now owns 320,210 shares of the basic materials company’s stock valued at $1,723,000 after purchasing an additional 289,174 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Price Performance

ICL Group stock opened at $3.81 on Friday. The company’s 50 day simple moving average is $4.24 and its 200-day simple moving average is $4.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62. ICL Group Ltd has a 1 year low of $3.80 and a 1 year high of $5.72. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 5.36 and a beta of 1.23.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, equities research analysts expect that ICL Group Ltd will post 0.36 earnings per share for the current year.

ICL Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.037 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a yield of 3.88%. ICL Group’s dividend payout ratio (DPR) is presently 37.84%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ICL. Barclays reduced their price target on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, August 16th. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Friday.

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.