Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Increases Holdings in ICL Group Ltd (NYSE:ICL)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. grew its position in ICL Group Ltd (NYSE:ICL) by 222.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 338,170 shares of the basic materials company’s stock after purchasing an additional 233,149 shares during the period. ICL Group comprises approximately 5.5% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings, making the stock its 9th biggest holding. Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings in ICL Group were worth $1,668,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in ICL Group by 56.8% during the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,910 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of ICL Group by 35.6% during the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,985 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after buying an additional 7,405 shares in the last quarter. Savant Capital LLC bought a new position in shares of ICL Group in the fourth quarter valued at about $54,000. Finally, Townsquare Capital LLC acquired a new position in ICL Group during the 3rd quarter worth about $56,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

ICL Group stock opened at $5.36 on Friday. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 7.10 and a beta of 1.21. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $6.57. The company has a quick ratio of 0.91, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The business’s 50-day simple moving average is $5.96 and its 200 day simple moving average is $5.10.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. As a group, research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.0403 per share. This is a boost from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date was Wednesday, March 12th. This represents a $0.16 annualized dividend and a dividend yield of 3.01%. ICL Group’s payout ratio is presently 50.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays raised their price objective on shares of ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. BMO Capital Markets increased their price target on shares of ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, February 27th. Finally, StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th.

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.