GW Henssler & Associates Ltd. Grows Position in ICL Group Ltd (NYSE:ICL)

GW Henssler & Associates Ltd. boosted its holdings in shares of ICL Group Ltd (NYSE:ICL) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,726 shares of the basic materials company’s stock after acquiring an additional 3,010 shares during the period. GW Henssler & Associates Ltd.’s holdings in ICL Group were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in ICL Group by 8.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock valued at $180,000 after purchasing an additional 2,542 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of ICL Group by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 32,115 shares of the basic materials company’s stock valued at $161,000 after buying an additional 2,580 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of ICL Group by 23.6% in the 1st quarter. Inspire Investing LLC now owns 21,774 shares of the basic materials company’s stock valued at $117,000 after buying an additional 4,162 shares in the last quarter. Optas LLC grew its position in shares of ICL Group by 18.1% in the 2nd quarter. Optas LLC now owns 28,782 shares of the basic materials company’s stock worth $123,000 after buying an additional 4,410 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of ICL Group by 3.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 206,148 shares of the basic materials company’s stock worth $893,000 after acquiring an additional 6,148 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

Shares of ICL stock opened at $4.12 on Wednesday. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.62. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 5.78 and a beta of 1.22. The stock’s 50-day simple moving average is $4.15 and its 200-day simple moving average is $4.38.

ICL Group (NYSE:ICL) last released its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. During the same quarter in the previous year, the firm earned $0.13 EPS. As a group, equities analysts forecast that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a $0.037 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s payout ratio is 37.84%.

Analyst Upgrades and Downgrades

ICL has been the subject of several recent analyst reports. Barclays lowered their target price on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating for the company in a research note on Friday, August 16th. StockNews.com cut ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 30th.

ICL Group 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.