Vanguard Group Inc. increased its stake in Israel Chemicals Shs (NYSE:ICL) by 4.6% during the first quarter, Holdings Channel reports. The fund owned 9,871,468 shares of the basic materials company’s stock after buying an additional 434,474 shares during the period. Vanguard Group Inc.’s holdings in Israel Chemicals Shs were worth $42,052,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Israel Chemicals Shs by 44.8% in the first quarter. Wellington Management Group LLP now owns 23,830 shares of the basic materials company’s stock valued at $101,000 after buying an additional 7,370 shares during the last quarter. SG Americas Securities LLC increased its stake in Israel Chemicals Shs by 626.4% in the first quarter. SG Americas Securities LLC now owns 103,548 shares of the basic materials company’s stock valued at $441,000 after buying an additional 89,294 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Israel Chemicals Shs by 6.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,890 shares of the basic materials company’s stock valued at $475,000 after buying an additional 6,744 shares during the last quarter. Eagle Global Advisors LLC increased its stake in Israel Chemicals Shs by 39.8% in the first quarter. Eagle Global Advisors LLC now owns 116,000 shares of the basic materials company’s stock valued at $494,000 after buying an additional 33,000 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in Israel Chemicals Shs during the first quarter valued at $508,000. Institutional investors own 5.98% of the company’s stock.

Israel Chemicals Shs (NYSE:ICL) traded up 0.22% during trading on Friday, reaching $4.53. The company had a trading volume of 205,021 shares. The stock’s market capitalization is $5.77 billion. The stock has a 50 day moving average of $4.70 and a 200-day moving average of $4.44. Israel Chemicals Shs has a 12-month low of $3.52 and a 12-month high of $4.95.

Israel Chemicals Shs (NYSE:ICL) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Israel Chemicals Shs had a positive return on equity of 13.55% and a negative net margin of 3.43%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm posted $0.09 earnings per share. Israel Chemicals Shs’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts forecast that Israel Chemicals Shs will post $0.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Tuesday, August 29th will be issued a $0.0245 dividend. This represents a $0.10 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, August 29th. Israel Chemicals Shs’s dividend payout ratio is currently -66.66%.

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Several research firms recently weighed in on ICL. BidaskClub upgraded Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine upgraded Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $5.25 price target (up previously from $4.75) on shares of Israel Chemicals Shs in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $4.67.

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Institutional Ownership by Quarter for Israel Chemicals Shs (NYSE:ICL)

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