Boston Partners Takes $1.27 Million Position in ICL Group Ltd (NYSE:ICL)

Boston Partners acquired a new stake in ICL Group Ltd (NYSE:ICL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 256,636 shares of the basic materials company’s stock, valued at approximately $1,268,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lindbrook Capital LLC lifted its holdings in shares of ICL Group by 56.8% during the fourth quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,910 shares during the last quarter. Quantbot Technologies LP lifted 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 valued at $48,000 after purchasing an additional 2,985 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of ICL Group by 223.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 7,405 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of ICL Group during the fourth quarter valued at $54,000. Finally, Townsquare Capital LLC purchased a new stake in shares of ICL Group during the third quarter valued at $56,000. 13.38% of the stock is owned by institutional investors and hedge funds.

ICL Group Stock Down 1.4 %

Shares of ICL Group stock opened at $5.89 on Friday. The stock has a 50-day moving average price of $5.99 and a 200 day moving average price of $4.99. The company has a market cap of $7.73 billion, a P/E ratio of 18.98, a P/E/G ratio of 7.10 and a beta of 1.21. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. ICL Group Ltd has a 1 year low of $3.79 and a 1 year high of $6.57.

ICL Group (NYSE:ICL) last announced its quarterly earnings data on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. As a group, analysts expect that ICL Group Ltd will post 0.37 EPS for the current fiscal year.

ICL Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.0403 per share. The ex-dividend date is Wednesday, March 12th. This is an increase from ICL Group’s previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.74%. ICL Group’s dividend payout ratio (DPR) is 50.00%.

Analyst Upgrades and Downgrades

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

About ICL Group

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.