Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Purchases 1,481,084 Shares of ICL Group Ltd. $ICL

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its position in ICL Group Ltd. (NYSE:ICL) by 32.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,060,600 shares of the basic materials company’s stock after purchasing an additional 1,481,084 shares during the quarter. ICL Group makes up 2.3% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s portfolio, making the stock its 11th largest holding. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in ICL Group were worth $34,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICL. AQR Capital Management LLC bought a new position in ICL Group in the first quarter worth $107,000. Goldman Sachs Group Inc. lifted its position in ICL Group by 120.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,799 shares of the basic materials company’s stock worth $23,635,000 after purchasing an additional 2,267,245 shares during the period. United Services Automobile Association lifted its position in ICL Group by 20.4% in the first quarter. United Services Automobile Association now owns 26,218 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 4,438 shares during the period. Rhumbline Advisers lifted its position in ICL Group by 19.4% in the first quarter. Rhumbline Advisers now owns 32,793 shares of the basic materials company’s stock worth $187,000 after purchasing an additional 5,318 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in ICL Group by 35.0% in the second quarter. Russell Investments Group Ltd. now owns 184,891 shares of the basic materials company’s stock worth $1,268,000 after purchasing an additional 47,887 shares during the period. 13.38% of the stock is owned by institutional investors.

ICL Group Stock Performance

ICL Group stock opened at $5.61 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.38 and a quick ratio of 0.80. The stock has a fifty day moving average price of $5.79 and a two-hundred day moving average price of $5.50. ICL Group Ltd. has a 52-week low of $4.76 and a 52-week high of $7.35. The firm has a market capitalization of $7.23 billion, a P/E ratio of 28.03 and a beta of 0.92.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. ICL Group had a return on equity of 7.84% and a net margin of 3.52%.The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.92 billion. As a group, analysts anticipate that ICL Group Ltd. will post 0.43 EPS for the current fiscal year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of $0.0535 per share. This is an increase from ICL Group’s previous quarterly dividend of $0.05. This represents a $0.21 annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, June 2nd. ICL Group’s dividend payout ratio is currently 80.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings raised ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Barclays raised their target price on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised ICL Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.60.

ICL Group Company Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.