Israel Chemicals Shs (ICL) Stake Lifted by Edmond DE Rothschild Holding S.A.
Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Israel Chemicals Shs (NYSE:ICL) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,900 shares of the basic materials company’s stock after purchasing an additional 13,600 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Israel Chemicals Shs were worth $673,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in 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 worth $101,000 after buying an additional 7,370 shares in the last quarter. KCG Holdings Inc. purchased a new stake in Israel Chemicals Shs in the first quarter worth approximately $102,000. Russell Investments Group Ltd. boosted its stake in Israel Chemicals Shs by 80.1% in the second quarter. Russell Investments Group Ltd. now owns 40,566 shares of the basic materials company’s stock worth $189,000 after buying an additional 18,041 shares in the last quarter. World Asset Management Inc purchased a new stake in Israel Chemicals Shs in the second quarter worth approximately $355,000. Finally, Comerica Bank boosted its stake in Israel Chemicals Shs by 514.0% in the second quarter. Comerica Bank now owns 82,311 shares of the basic materials company’s stock worth $387,000 after buying an additional 68,906 shares in the last quarter. 5.94% of the stock is owned by institutional investors.
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Shares of Israel Chemicals Shs (ICL) opened at 4.45 on Tuesday. Israel Chemicals Shs has a 52 week low of $3.52 and a 52 week high of $4.95. The firm has a 50-day moving average price of $4.47 and a 200 day moving average price of $4.41. The stock’s market cap is $5.67 billion.
Israel Chemicals Shs (NYSE:ICL) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Israel Chemicals Shs had a negative net margin of 3.43% and a positive return on equity of 13.55%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. On average, analysts forecast that Israel Chemicals Shs will post $0.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Tuesday, August 29th were issued a dividend of $0.0245 per share. This represents a $0.10 annualized dividend and a yield of 2.20%. The ex-dividend date was Tuesday, August 29th. Israel Chemicals Shs’s dividend payout ratio is presently -66.66%.
Several analysts have issued reports on the company. ValuEngine raised Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $4.50 target price on shares of Israel Chemicals Shs in a research note on Friday, September 1st. BidaskClub lowered Israel Chemicals Shs from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered Israel Chemicals Shs from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $5.25 target price (up previously from $4.75) on shares of Israel Chemicals Shs in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $4.67.
Israel Chemicals Shs 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.
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