ICL Group (NYSE:ICL) Hits New 1-Year Low at $4.30

Shares of ICL Group Ltd (NYSE:ICL) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $4.30 and last traded at $4.30, with a volume of 286766 shares trading hands. The stock had previously closed at $4.36.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price objective on shares of ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a research note on Friday, March 1st.

ICL Group Price Performance

The company has a current ratio of 1.60, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $4.84. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 6.37 and a beta of 1.25.

ICL Group (NYSE:ICL) last posted its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. ICL Group had a net margin of 6.68% and a return on equity of 9.05%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts forecast that ICL Group Ltd will post 0.33 EPS for the current fiscal year.

ICL Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Thursday, June 6th. ICL Group’s dividend payout ratio is currently 48.65%.

Institutional Trading of ICL Group

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in ICL Group by 18.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 29,535 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 4,609 shares during the last quarter. Hsbc Holdings PLC raised its position in ICL Group by 3.8% during the third quarter. Hsbc Holdings PLC now owns 113,968 shares of the basic materials company’s stock valued at $628,000 after acquiring an additional 4,192 shares in the last quarter. Acadian Asset Management LLC lifted its stake in ICL Group by 75.1% in the third quarter. Acadian Asset Management LLC now owns 185,327 shares of the basic materials company’s stock valued at $1,023,000 after acquiring an additional 79,459 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in ICL Group by 507.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 922,396 shares of the basic materials company’s stock worth $5,105,000 after acquiring an additional 770,442 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of ICL Group by 37.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 131,262 shares of the basic materials company’s stock worth $729,000 after purchasing an additional 35,467 shares during the last quarter. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.