Renaissance Technologies LLC lowered its stake in shares of Israel Chemicals Shs (NYSE:ICL) by 26.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,600 shares of the basic materials company’s stock after selling 87,800 shares during the period. Renaissance Technologies LLC’s holdings in Israel Chemicals Shs were worth $1,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Israel Chemicals Shs by 44.8% in the first quarter. Wellington Management Group LLP now owns 23,830 shares of the basic materials company’s stock valued at $101,000 after buying an additional 7,370 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Israel Chemicals Shs by 626.4% in the first quarter. SG Americas Securities LLC now owns 103,548 shares of the basic materials company’s stock valued at $441,000 after buying an additional 89,294 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Israel Chemicals Shs by 6.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,890 shares of the basic materials company’s stock valued at $475,000 after buying an additional 6,744 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of Israel Chemicals Shs by 39.8% in the first quarter. Eagle Global Advisors LLC now owns 116,000 shares of the basic materials company’s stock valued at $494,000 after buying an additional 33,000 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Israel Chemicals Shs during the first quarter valued at $508,000. Institutional investors own 5.95% of the company’s stock.

Shares of Israel Chemicals Shs (ICL) traded up 0.23% during mid-day trading on Friday, reaching $4.36. The company’s stock had a trading volume of 67,150 shares. The company’s market capitalization is $5.56 billion. The company’s 50 day moving average price is $4.65 and its 200-day moving average price is $4.43. Israel Chemicals Shs has a 1-year low of $3.52 and a 1-year high of $4.95.

Israel Chemicals Shs (NYSE:ICL) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Israel Chemicals Shs had a positive return on equity of 13.55% and a negative net margin of 3.43%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.09 EPS. Israel Chemicals Shs’s revenue for the quarter was down 4.0% on a year-over-year basis. Analysts predict that Israel Chemicals Shs will post $0.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Tuesday, August 29th will be issued a dividend of $0.0245 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.10 annualized dividend and a yield of 2.25%. Israel Chemicals Shs’s payout ratio is -66.66%.

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Several research analysts recently weighed in on ICL shares. ValuEngine upgraded Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. BidaskClub upgraded Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Jefferies Group LLC started coverage on Israel Chemicals Shs in a research report on Thursday, May 25th. They set a “hold” rating and a $4.75 price target for the company. Finally, Zacks Investment Research upgraded Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.67.

Israel Chemicals Shs Company Profile

Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.

Institutional Ownership by Quarter for Israel Chemicals Shs (NYSE:ICL)

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