Y.D. More Investments Ltd Acquires 2,161,715 Shares of ICL Group Ltd (NYSE:ICL)

Y.D. More Investments Ltd grew its stake in shares of ICL Group Ltd (NYSE:ICL) by 15.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,479,059 shares of the basic materials company’s stock after purchasing an additional 2,161,715 shares during the quarter. ICL Group makes up about 7.3% of Y.D. More Investments Ltd’s holdings, making the stock its 2nd largest position. Y.D. More Investments Ltd’s holdings in ICL Group were worth $81,334,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of ICL Group by 223.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after buying an additional 7,405 shares during the period. Quantbot Technologies LP boosted its stake in 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 during the period. Litman Gregory Wealth Management LLC bought a new position in shares of ICL Group during the third quarter valued at approximately $56,000. Marshall Wace LLP bought a new stake in shares of ICL Group in the 2nd quarter worth approximately $56,000. Finally, Townsquare Capital LLC acquired a new position in ICL Group during the 3rd quarter valued at approximately $56,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Stock Up 2.8 %

ICL Group stock opened at $6.01 on Wednesday. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.18. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 6.70 and a beta of 1.23. The company’s 50-day moving average price is $5.25 and its two-hundred day moving average price is $4.58. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $1.75 billion for 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 last year, the business earned $0.11 earnings per share. On average, analysts expect that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a $0.0133 dividend. This represents a $0.05 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, December 4th. ICL Group’s dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ICL shares. Barclays upgraded ICL Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $4.00 to $6.00 in a research note on Tuesday, January 21st. StockNews.com upgraded shares of ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

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.