Quadrant Capital Group LLC Raises Holdings in ICL Group Ltd (NYSE:ICL)

Quadrant Capital Group LLC lifted its holdings in ICL Group Ltd (NYSE:ICL) by 53.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,797 shares of the basic materials company’s stock after purchasing an additional 14,270 shares during the quarter. Quadrant Capital Group LLC’s holdings in ICL Group were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC raised its position in 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 buying an additional 1,910 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised 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 bought a new position in ICL Group during the fourth quarter valued at approximately $54,000. Wealthstream Advisors Inc. purchased a new stake in ICL Group in the fourth quarter worth approximately $57,000. Finally, Seven Mile Advisory bought a new stake in ICL Group in the 4th quarter worth approximately $59,000. 13.38% of the stock is owned by institutional investors.

ICL Group Trading Up 2.1 %

Shares of ICL Group stock opened at $5.65 on Wednesday. ICL Group Ltd has a 1-year low of $3.79 and a 1-year high of $6.57. The company’s fifty day simple moving average is $5.95 and its 200-day simple moving average is $5.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.91. The stock has a market capitalization of $7.42 billion, a PE ratio of 18.21, a P/E/G ratio of 7.10 and a beta of 1.18.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.60 billion for 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, equities analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were issued a $0.0403 dividend. This represents a $0.16 annualized dividend and a yield of 2.86%. This is a positive change from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. ICL Group’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com cut ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets increased their target price on ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Thursday, February 27th. Finally, Barclays boosted their price target on ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th.

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.