Greenleaf Trust Buys Shares of 31,829 ICL Group Ltd (NYSE:ICL)

Greenleaf Trust bought a new stake in ICL Group Ltd (NYSE:ICL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,829 shares of the basic materials company’s stock, valued at approximately $135,000.

A number of other hedge funds have also made changes to their positions in the stock. Altshuler Shaham Ltd grew 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 purchasing an additional 1,360,670 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of ICL Group by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 25,286,822 shares of the basic materials company’s stock valued at $136,043,000 after acquiring an additional 392,805 shares in the last quarter. Meitav Investment House Ltd. grew its holdings in shares of ICL Group by 2.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock valued at $73,813,000 after acquiring an additional 465,031 shares in the last quarter. Y.D. More Investments Ltd increased its stake 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 worth $62,766,000 after acquiring an additional 14,635,766 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of ICL Group by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 526,644 shares of the basic materials company’s stock worth $2,281,000 after acquiring an additional 31,350 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

ICL Group Stock Down 0.5 %

ICL Group stock opened at $4.09 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $5.54. The firm’s fifty day simple moving average is $4.15 and its 200-day simple moving average is $4.39. The company has a market capitalization of $5.37 billion, a P/E ratio of 12.39, a P/E/G ratio of 5.78 and a beta of 1.22.

ICL Group (NYSE:ICL) last posted its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates 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 last year, the company earned $0.13 earnings per share. Sell-side analysts forecast that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.037 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a yield of 3.62%. ICL Group’s payout ratio is currently 45.46%.

Analysts Set New Price Targets

A number of research analysts have commented on ICL shares. Barclays lowered their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. StockNews.com cut ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 30th.

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.