First Eagle Investment Management LLC boosted its holdings in Israel Chemicals Shs (NYSE:ICL) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,215,367 shares of the basic materials company’s stock after acquiring an additional 354,015 shares during the period. First Eagle Investment Management LLC owned 2.06% of Israel Chemicals Shs worth $116,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank grew its stake in Israel Chemicals Shs by 5.4% in the 2nd quarter. Swiss National Bank now owns 1,928,014 shares of the basic materials company’s stock valued at $9,095,000 after acquiring an additional 98,182 shares during the last quarter. SG Americas Securities LLC grew its stake in Israel Chemicals Shs by 22.7% in the 2nd quarter. SG Americas Securities LLC now owns 127,013 shares of the basic materials company’s stock valued at $601,000 after acquiring an additional 23,465 shares during the last quarter. River & Mercantile Asset Management LLP grew its stake in Israel Chemicals Shs by 23.2% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 298,801 shares of the basic materials company’s stock valued at $1,412,000 after acquiring an additional 56,301 shares during the last quarter. Citigroup Inc. grew its stake in Israel Chemicals Shs by 89.1% in the 2nd quarter. Citigroup Inc. now owns 729,159 shares of the basic materials company’s stock valued at $3,445,000 after acquiring an additional 343,584 shares during the last quarter. Finally, FIL Ltd acquired a new stake in Israel Chemicals Shs in the 2nd quarter valued at about $7,261,000. 6.08% of the stock is currently owned by hedge funds and other institutional investors.

Israel Chemicals Shs (NYSE ICL) traded down $0.03 during trading on Tuesday, hitting $4.06. 88,600 shares of the company’s stock traded hands, compared to its average volume of 214,837. Israel Chemicals Shs has a one year low of $3.70 and a one year high of $4.95. The firm has a market cap of $5,215.64, a PE ratio of 14.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.24 and a quick ratio of 0.70.

Israel Chemicals Shs (NYSE:ICL) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Israel Chemicals Shs had a net margin of 4.47% and a return on equity of 13.20%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities research analysts predict that Israel Chemicals Shs will post 0.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th will be given a $0.044 dividend. The ex-dividend date is Tuesday, December 5th. This is a boost from Israel Chemicals Shs’s previous quarterly dividend of $0.02. This represents a $0.18 annualized dividend and a dividend yield of 4.33%. Israel Chemicals Shs’s dividend payout ratio (DPR) is currently 63.16%.

In related news, Director Richard Michael Powell bought 39,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $0.73 per share, with a total value of $28,835.00.

Several research firms have issued reports on ICL. BidaskClub cut shares of Israel Chemicals Shs from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine cut shares of Israel Chemicals Shs from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $4.50 price target on shares of Israel Chemicals Shs in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.88.

COPYRIGHT VIOLATION WARNING: “First Eagle Investment Management LLC Raises Position in Israel Chemicals Shs (ICL)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.thecerbatgem.com/2017/11/14/first-eagle-investment-management-llc-raises-position-in-israel-chemicals-shs-icl.html.

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.

Want to see what other hedge funds are holding ICL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Israel Chemicals Shs (NYSE:ICL).

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

Receive News & Stock Ratings for Israel Chemicals Shs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Israel Chemicals Shs and related stocks with our FREE daily email newsletter.