Clal Insurance Enterprises Holdings Ltd Has $112.05 Million Holdings in ICL Group Ltd. $ICL

Clal Insurance Enterprises Holdings Ltd boosted its holdings in ICL Group Ltd. (NYSE:ICL) by 42.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,537,777 shares of the basic materials company’s stock after buying an additional 5,805,699 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in ICL Group were worth $112,054,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ICL. AQR Capital Management LLC acquired a new stake in ICL Group in the first quarter valued at about $107,000. Goldman Sachs Group Inc. raised its position in ICL Group by 120.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,799 shares of the basic materials company’s stock valued at $23,635,000 after purchasing an additional 2,267,245 shares during the last quarter. United Services Automobile Association raised its position in ICL Group by 20.4% in the first quarter. United Services Automobile Association now owns 26,218 shares of the basic materials company’s stock valued at $153,000 after purchasing an additional 4,438 shares during the last quarter. Rhumbline Advisers raised its position in ICL Group by 19.4% in the first quarter. Rhumbline Advisers now owns 32,793 shares of the basic materials company’s stock valued at $187,000 after purchasing an additional 5,318 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in ICL Group by 35.0% in the second quarter. Russell Investments Group Ltd. now owns 184,891 shares of the basic materials company’s stock valued at $1,268,000 after purchasing an additional 47,887 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on ICL. Wall Street Zen upgraded ICL Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Barclays raised their price objective on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded ICL Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.60.

ICL Group Price Performance

Shares of ICL opened at $5.71 on Friday. ICL Group Ltd. has a 1 year low of $4.76 and a 1 year high of $7.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.38 and a quick ratio of 0.80. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 28.53 and a beta of 0.92. The business has a 50-day moving average of $5.83 and a 200-day moving average of $5.51.

ICL Group (NYSE:ICL) last issued its earnings results on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.92 billion. ICL Group had a return on equity of 7.84% and a net margin of 3.52%. As a group, equities research analysts anticipate that ICL Group Ltd. will post 0.43 earnings per share for the current year.

ICL Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Tuesday, June 2nd will be issued a $0.0535 dividend. The ex-dividend date is Tuesday, June 2nd. This is an increase from ICL Group’s previous quarterly dividend of $0.05. This represents a $0.21 dividend on an annualized basis and a yield of 3.8%. ICL Group’s dividend payout ratio is presently 80.00%.

ICL Group Company Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.