Wetherby Asset Management Inc. lifted its holdings in Israel Chemicals Ltd (NYSE:ICL) by 29.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,986 shares of the basic materials company’s stock after buying an additional 5,420 shares during the period. Wetherby Asset Management Inc.’s holdings in Israel Chemicals were worth $120,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Israel Chemicals by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 19,161,577 shares of the basic materials company’s stock worth $99,639,000 after buying an additional 518,451 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Israel Chemicals by 0.6% during the 2nd quarter. Invesco Ltd. now owns 3,625,463 shares of the basic materials company’s stock worth $18,852,000 after purchasing an additional 20,846 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Israel Chemicals by 65.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,521,491 shares of the basic materials company’s stock worth $18,454,000 after purchasing an additional 1,398,864 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Israel Chemicals by 23.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,705,504 shares of the basic materials company’s stock worth $1,446,607,000 after purchasing an additional 507,268 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Israel Chemicals by 13.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,088,652 shares of the basic materials company’s stock worth $10,861,000 after purchasing an additional 247,857 shares during the period. Hedge funds and other institutional investors own 6.63% of the company’s stock.
Shares of ICL stock traded up $0.04 during trading hours on Friday, reaching $4.60. 109,167 shares of the stock were exchanged, compared to its average volume of 158,197. Israel Chemicals Ltd has a 12-month low of $4.36 and a 12-month high of $6.48. The company has a current ratio of 1.51, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $4.68 and its 200-day moving average price is $5.02. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.89.
Separately, Zacks Investment Research raised shares of Israel Chemicals from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.
About Israel Chemicals
Israel Chemicals Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). 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.
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