GW Henssler & Associates Ltd. Raises Stake in ICL Group Ltd (NYSE:ICL)

GW Henssler & Associates Ltd. boosted its holdings in shares of ICL Group Ltd (NYSE:ICL) by 18.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,726 shares of the basic materials company’s stock after buying an additional 3,010 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in ICL Group were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Callan Capital LLC purchased a new position in shares of ICL Group during the first quarter worth $60,000. Litman Gregory Wealth Management LLC acquired a new stake in ICL Group during the 3rd quarter worth about $56,000. Marshall Wace LLP purchased a new position in shares of ICL Group during the 2nd quarter valued at about $56,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of ICL Group in the 1st quarter valued at about $82,000. Finally, Choreo LLC purchased a new stake in shares of ICL Group in the second quarter worth about $67,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Trading Down 0.6 %

Shares of ICL Group stock opened at $4.12 on Wednesday. The firm has a 50-day simple moving average of $4.15 and a two-hundred day simple moving average of $4.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The company has a market cap of $5.41 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 5.78 and a beta of 1.22.

ICL Group (NYSE:ICL) last issued its quarterly earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the business posted $0.13 earnings per share. As a group, equities analysts predict that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $0.037 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.15 dividend on an annualized basis and a yield of 3.60%. ICL Group’s dividend payout ratio is currently 37.84%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ICL. Barclays reduced their price target on ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research report on Friday, August 16th. StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 30th.

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.