ICL Group (NYSE:ICL) Stock Price Up 2.2%

ICL Group Ltd (NYSE:ICL)’s stock price was up 2.2% on Tuesday . The stock traded as high as $4.73 and last traded at $4.73. Approximately 72,011 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 872,024 shares. The stock had previously closed at $4.63.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ICL shares. TheStreet cut shares of ICL Group from a “b-” rating to a “c+” rating in a research note on Tuesday, January 2nd. Barclays raised their target price on shares of ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, ICL Group has an average rating of “Hold” and an average price target of $5.75.

ICL Group Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 0.88. The stock’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $5.00. The stock has a market capitalization of $6.15 billion, a P/E ratio of 9.18, a PEG ratio of 9.52 and a beta of 1.22.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Research analysts expect that ICL Group Ltd will post 0.34 EPS for the current fiscal year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 14th were given a dividend of $0.0476 per share. This represents a $0.19 dividend on an annualized basis and a yield of 4.07%. This is a boost from ICL Group’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 13th. ICL Group’s payout ratio is 37.26%.

Hedge Funds Weigh In On ICL Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICL. Advisor Group Holdings Inc. lifted its holdings in shares of ICL Group by 1,091.3% during the first quarter. Advisor Group Holdings Inc. now owns 3,002 shares of the basic materials company’s stock worth $36,000 after buying an additional 2,750 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of ICL Group by 103.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock worth $38,000 after buying an additional 3,612 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of ICL Group by 82.4% during the third quarter. Ronald Blue Trust Inc. now owns 7,661 shares of the basic materials company’s stock worth $42,000 after buying an additional 3,460 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of ICL Group during the fourth quarter worth $51,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of ICL Group during the first quarter worth $54,000. 13.38% of the stock is owned by institutional investors.

ICL Group Company Profile

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.