Optas LLC Decreases Stock Position in ICL Group Ltd (NYSE:ICL)

Optas LLC lessened its position in shares of ICL Group Ltd (NYSE:ICL) by 19.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,188 shares of the basic materials company’s stock after selling 5,594 shares during the period. Optas LLC’s holdings in ICL Group were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ICL. GW Henssler & Associates Ltd. lifted its holdings in ICL Group by 18.0% during the third quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 3,010 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of ICL Group during the 3rd quarter valued at approximately $11,967,000. Litman Gregory Wealth Management LLC bought a new position in ICL Group in the 3rd quarter worth approximately $56,000. Greenleaf Trust bought a new position in ICL Group in the 3rd quarter worth approximately $135,000. Finally, Glenorchy Capital Ltd grew its stake in ICL Group by 60.4% in the 3rd quarter. Glenorchy Capital Ltd now owns 322,761 shares of the basic materials company’s stock valued at $1,372,000 after buying an additional 121,512 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

ICL Group Stock Up 0.7 %

ICL opened at $4.15 on Monday. The firm has a market capitalization of $5.45 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 5.80 and a beta of 1.23. ICL Group Ltd has a one year low of $3.79 and a one year high of $5.54. The company has a fifty day moving average price of $4.14 and a 200-day moving average price of $4.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.62 and a quick ratio of 0.94.

ICL Group (NYSE:ICL) last announced its earnings results on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a return on equity of 8.41% and a net margin of 6.08%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the company earned $0.13 EPS. Equities research analysts expect that ICL Group Ltd will post 0.34 earnings per share for the current fiscal year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.037 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s dividend payout ratio is currently 45.46%.

Analyst Upgrades and Downgrades

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

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.