ICL Group (NYSE:ICL) Reaches New 1-Year Low at $4.30

ICL Group Ltd (NYSE:ICL)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $4.30 and last traded at $4.39, with a volume of 233714 shares. The stock had previously closed at $4.44.

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price target on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a report on Friday, March 1st.

ICL Group Price Performance

The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 6.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 1.60. The company has a fifty day simple moving average of $4.67 and a two-hundred day simple moving average of $4.86.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.66 billion. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. During the same period in the previous year, the firm earned $0.23 EPS. As a group, equities research analysts expect that ICL Group Ltd will post 0.33 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.0457 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.19%. ICL Group’s dividend payout ratio (DPR) is currently 48.65%.

Hedge Funds Weigh In On ICL Group

Institutional investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV raised its holdings in shares of ICL Group by 103.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after buying an additional 3,612 shares in the last quarter. Kathmere Capital Management LLC bought a new stake in ICL Group during the 1st quarter worth $54,000. SVB Wealth LLC bought a new stake in ICL Group during the 4th quarter worth $51,000. Blue Trust Inc. grew its position in ICL Group by 45.6% during the 4th quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 3,495 shares during the last quarter. Finally, Callan Capital LLC bought a new stake in ICL Group during the 1st quarter worth $60,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.