Point72 Asset Management L.P. Sells 162,775 Shares of ICL Group Ltd (NYSE:ICL)

Point72 Asset Management L.P. lowered its stake in ICL Group Ltd (NYSE:ICL) by 52.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 146,968 shares of the basic materials company’s stock after selling 162,775 shares during the period. Point72 Asset Management L.P.’s holdings in ICL Group were worth $726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its position in ICL Group by 56.8% in the fourth 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 during the last quarter. GeoWealth Management LLC lifted its position in ICL Group by 754.0% in the fourth quarter. GeoWealth Management LLC now owns 7,447 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 6,575 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in 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 purchasing an additional 7,405 shares during the last quarter. Savant Capital LLC bought a new stake in ICL Group in the fourth quarter valued at approximately $54,000. Finally, Wealthstream Advisors Inc. bought a new stake in ICL Group in the fourth quarter valued at approximately $57,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

Shares of ICL Group stock opened at $6.37 on Friday. 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 company has a market cap of $8.37 billion, a PE ratio of 20.55, a P/E/G ratio of 7.10 and a beta of 1.15. The business has a 50 day moving average of $6.30 and a 200 day moving average of $5.68. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.95.

ICL Group (NYSE:ICL) last announced its earnings results on Monday, May 19th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. As a group, equities research analysts forecast 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. Investors of record on Wednesday, March 12th were issued a dividend of $0.0403 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Wednesday, March 12th. This is an increase from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s dividend payout ratio is currently 51.61%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen downgraded ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets boosted their price objective on ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, Barclays boosted their target price on ICL Group from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th.

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.