Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Increases Holdings in ICL Group Ltd (NYSE:ICL)

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its holdings in shares of ICL Group Ltd (NYSE:ICL) by 106.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,579,516 shares of the basic materials company’s stock after purchasing an additional 2,356,324 shares during the period. ICL Group accounts for about 1.8% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings, making the stock its 17th biggest holding. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD owned approximately 0.35% of ICL Group worth $22,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its position in ICL Group by 101.6% in the 4th quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,582,283 shares of the basic materials company’s stock valued at $7,803,000 after buying an additional 797,450 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in ICL Group by 126.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 48,013 shares of the basic materials company’s stock valued at $238,000 after buying an additional 26,787 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in ICL Group by 2.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,244 shares of the basic materials company’s stock valued at $1,167,000 after buying an additional 5,787 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in ICL Group in the 4th quarter valued at about $83,000. Finally, PNC Financial Services Group Inc. boosted its position in ICL Group by 30.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,829 shares of the basic materials company’s stock valued at $226,000 after buying an additional 10,819 shares during the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ICL shares. StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Barclays upped their price objective on shares of 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, BMO Capital Markets upped their target price on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, February 27th.

ICL Group Stock Performance

Shares of ICL Group stock opened at $6.17 on Wednesday. The firm has a market cap of $8.11 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 7.10 and a beta of 1.21. The firm’s 50-day simple moving average is $5.83 and its 200-day simple moving average is $4.90. 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 Ltd has a 1 year low of $3.79 and a 1 year high of $6.57.

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

ICL Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.0403 per share. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.16 annualized dividend and a yield of 2.61%. ICL Group’s dividend payout ratio is 50.00%.

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.