Crossmark Global Holdings Inc. Has $8.56 Million Holdings in ICL Group Ltd (NYSE:ICL)

Crossmark Global Holdings Inc. boosted its stake in ICL Group Ltd (NYSE:ICL) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,733,773 shares of the basic materials company’s stock after purchasing an additional 159,910 shares during the period. Crossmark Global Holdings Inc.’s holdings in ICL Group were worth $8,564,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in shares of ICL Group in the 3rd quarter valued at about $11,967,000. Point72 Asset Management L.P. acquired a new stake in ICL Group during the 3rd quarter valued at approximately $1,316,000. Stifel Financial Corp raised its holdings in ICL Group by 65.0% during the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after purchasing an additional 232,842 shares during the last quarter. Investors Research Corp acquired a new position in shares of ICL Group in the 3rd quarter worth approximately $604,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of ICL Group in the 3rd quarter valued at $589,000. 13.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays upgraded shares of ICL Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $4.00 to $6.00 in a report on Tuesday. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

ICL Group Stock Performance

Shares of ICL stock opened at $5.96 on Wednesday. The firm has a 50 day moving average of $4.94 and a 200-day moving average of $4.47. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 6.73 and a beta of 1.22. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.06.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the company posted $0.11 earnings per share. On average, equities analysts forecast that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.0133 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Wednesday, December 4th. ICL Group’s dividend payout ratio (DPR) is currently 48.39%.

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.