ICL Group (NYSE:ICL) Sees Large Volume Increase

ICL Group Ltd (NYSE:ICL) shares saw unusually-strong trading volume on Tuesday . Approximately 487,965 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 748,072 shares.The stock last traded at $3.90 and had previously closed at $3.92.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their target price on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a report on Friday, August 16th.

ICL Group Trading Down 0.8 %

The company’s fifty day simple moving average is $4.29 and its two-hundred day simple moving average is $4.62. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 5.36 and a beta of 1.23. The company has a quick ratio of 0.94, a current ratio of 1.62 and a debt-to-equity ratio of 0.31.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the business posted $0.13 EPS. Research analysts forecast that ICL Group Ltd will post 0.36 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a $0.037 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.15 annualized dividend and a dividend yield of 3.80%. ICL Group’s dividend payout ratio is presently 37.84%.

Institutional Trading of ICL Group

Several hedge funds have recently bought and sold shares of ICL. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 392,805 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in ICL Group by 2,927,153.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock valued at $62,766,000 after acquiring an additional 14,635,766 shares in the last quarter. Norges Bank acquired a new position in ICL Group during the 4th quarter worth approximately $36,042,000. Jump Financial LLC grew its stake in shares of ICL Group by 550.0% during the 4th quarter. Jump Financial LLC now owns 117,001 shares of the basic materials company’s stock worth $586,000 after acquiring an additional 99,001 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of ICL Group in the fourth quarter valued at approximately $403,000. 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.