ICL Group (NYSE:ICL) Reaches New 1-Year High – Here’s What Happened

ICL Group Ltd (NYSE:ICL)’s share price hit a new 52-week high on Tuesday . The company traded as high as $5.68 and last traded at $5.65, with a volume of 101289 shares traded. The stock had previously closed at $5.50.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

ICL Group Price Performance

The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $7.54 billion, a PE ratio of 18.52, a PEG ratio of 5.92 and a beta of 1.22. The stock has a 50-day moving average price of $4.84 and a 200 day moving average price of $4.43.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. During the same quarter in the previous year, the firm earned $0.11 EPS. Equities analysts forecast that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a dividend of $0.0133 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.05 annualized dividend and a dividend yield of 0.93%. ICL Group’s dividend payout ratio (DPR) is presently 48.39%.

Institutional Investors Weigh In On ICL Group

Several institutional investors have recently bought and sold shares of the company. Claro Advisors LLC lifted its position in shares of ICL Group by 18.4% in the fourth quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock valued at $91,000 after acquiring an additional 2,872 shares in the last quarter. Quantbot Technologies LP lifted its holdings in ICL Group by 35.6% in the 3rd quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 2,985 shares in the last quarter. GW Henssler & Associates Ltd. grew its holdings in shares of ICL Group by 18.0% during the third quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock worth $84,000 after buying an additional 3,010 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of ICL Group by 10.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 37,721 shares of the basic materials company’s stock valued at $166,000 after buying an additional 3,667 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of ICL Group by 40.5% in the third quarter. Glenmede Trust Co. NA now owns 14,368 shares of the basic materials company’s stock valued at $61,000 after buying an additional 4,140 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.