Ignite Planners LLC Raises Stock Holdings in ICL Group Ltd (NYSE:ICL)

Ignite Planners LLC increased its holdings in shares of ICL Group Ltd (NYSE:ICL) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 157,515 shares of the basic materials company’s stock after acquiring an additional 7,598 shares during the period. Ignite Planners LLC’s holdings in ICL Group were worth $797,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Assenagon Asset Management S.A. bought a new stake in shares of ICL Group during the third quarter worth $11,967,000. Crossmark Global Holdings Inc. bought a new stake in ICL Group during the 3rd quarter valued at about $6,689,000. Altshuler Shaham Ltd boosted its position in ICL Group by 3.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock valued at $189,200,000 after buying an additional 1,360,670 shares during the period. Point72 Asset Management L.P. purchased a new stake in ICL Group in the 3rd quarter valued at about $1,316,000. Finally, Stifel Financial Corp grew its stake in ICL Group by 65.0% in the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after acquiring an additional 232,842 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

ICL opened at $5.49 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $4.79 and its 200-day simple moving average is $4.41. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 6.97 and a beta of 1.22. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $5.54.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company 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 period last year, the company posted $0.11 earnings per share. On average, equities research analysts anticipate that ICL Group Ltd will post 0.35 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were paid a $0.0133 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.05 annualized dividend and a yield of 0.97%. ICL Group’s dividend payout ratio (DPR) is 45.16%.

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 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.