ICL Group Ltd (NYSE:ICL) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC lifted its holdings in shares of ICL Group Ltd (NYSE:ICL) by 25.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 156,749 shares of the basic materials company’s stock after buying an additional 31,461 shares during the period. Metis Global Partners LLC’s holdings in ICL Group were worth $668,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in ICL Group by 1.6% in the first 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 during the period. PEAK6 Investments LLC acquired a new stake in shares of ICL Group in the first quarter valued at about $363,000. SVB Wealth LLC grew its position in ICL Group by 66.0% during the first quarter. SVB Wealth LLC now owns 16,875 shares of the basic materials company’s stock worth $91,000 after buying an additional 6,709 shares during the period. Tidal Investments LLC grew its position in ICL Group by 931.7% during the first quarter. Tidal Investments LLC now owns 320,210 shares of the basic materials company’s stock worth $1,723,000 after buying an additional 289,174 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in ICL Group by 8.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock valued at $180,000 after buying an additional 2,542 shares in the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Barclays dropped their price target on ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Friday, August 16th.

ICL Group Stock Up 0.2 %

ICL stock opened at $4.42 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.94. ICL Group Ltd has a 12 month low of $3.79 and a 12 month high of $5.54. The firm has a market capitalization of $5.81 billion, a PE ratio of 14.26, a P/E/G ratio of 6.22 and a beta of 1.23. The company’s 50 day simple moving average is $4.12 and its 200-day simple moving average is $4.34.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the business posted $0.11 earnings per share. Equities analysts expect that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.0133 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.05 dividend on an annualized basis and a yield of 1.20%. ICL Group’s dividend payout ratio (DPR) is 48.39%.

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.