Ballentine Partners LLC Raises Holdings in ICL Group Ltd (NYSE:ICL)

Ballentine Partners LLC boosted its stake in ICL Group Ltd (NYSE:ICL) by 61.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,790 shares of the basic materials company’s stock after buying an additional 13,212 shares during the quarter. Ballentine Partners LLC’s holdings in ICL Group were worth $172,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Quantbot Technologies LP lifted its position in shares of ICL Group by 35.6% in the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 2,985 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of ICL Group by 223.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 7,405 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of ICL Group during the second quarter worth about $56,000. Litman Gregory Wealth Management LLC acquired a new position in shares of ICL Group in the third quarter valued at approximately $56,000. Finally, Townsquare Capital LLC purchased a new position in shares of ICL Group during the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

ICL has been the subject of several analyst reports. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $4.00 to $6.00 in a research note on Tuesday, January 21st.

ICL Group Price Performance

ICL Group stock opened at $5.96 on Friday. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The firm has a 50 day moving average price of $5.07 and a 200 day moving average price of $4.51. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 6.90 and a beta of 1.22.

ICL Group (NYSE:ICL) last released its quarterly earnings data 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 return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the firm posted $0.11 EPS. Sell-side analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $0.0133 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, December 4th. ICL Group’s dividend payout ratio is currently 48.39%.

ICL Group 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.