ICL Group Ltd (NYSE:ICL) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in ICL Group Ltd (NYSE:ICL) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,362,914 shares of the basic materials company’s stock after acquiring an additional 219,101 shares during the period. Arrowstreet Capital Limited Partnership owned 0.64% of ICL Group worth $41,336,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position in shares of ICL Group by 56.8% in the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 1,910 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 7,405 shares during the period. Savant Capital LLC bought a new stake in ICL Group during the fourth quarter valued at $54,000. Quantbot Technologies LP raised its holdings in shares of ICL Group by 35.6% during the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,985 shares during the period. Finally, Wealthstream Advisors Inc. bought a new position in shares of ICL Group in the 4th quarter worth about $57,000. 13.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ICL has been the topic of several research reports. BMO Capital Markets increased their price objective on shares of ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. StockNews.com downgraded ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. Finally, Barclays upped their price objective on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th.

ICL Group Stock Performance

Shares of NYSE:ICL opened at $5.76 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $5.98 and its 200 day moving average price is $5.08. The company has a market cap of $7.57 billion, a PE ratio of 18.58, a P/E/G ratio of 7.10 and a beta of 1.21. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $6.57.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Sell-side analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.0403 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.80%. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, March 12th. ICL Group’s dividend payout ratio (DPR) is 50.00%.

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.