Meitav Investment House Ltd. Has $152.33 Million Holdings in ICL Group Ltd. $ICL

Meitav Investment House Ltd. boosted its position in ICL Group Ltd. (NYSE:ICL) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,770,104 shares of the basic materials company’s stock after buying an additional 1,081,641 shares during the period. ICL Group makes up 1.7% of Meitav Investment House Ltd.’s holdings, making the stock its 18th biggest holding. Meitav Investment House Ltd.’s holdings in ICL Group were worth $152,333,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of ICL Group by 351.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,157 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,014 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in ICL Group during the fourth quarter worth approximately $38,000. Boothbay Fund Management LLC bought a new stake in ICL Group in the fourth quarter worth approximately $59,000. Ground Swell Capital LLC bought a new stake in ICL Group in the first quarter worth approximately $69,000. Finally, Centiva Capital LP acquired a new position in ICL Group in the third quarter valued at approximately $69,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

ICL Group Stock Down 2.3%

Shares of ICL traded down $0.12 during trading hours on Tuesday, reaching $4.93. The stock had a trading volume of 603,664 shares, compared to its average volume of 1,553,617. ICL Group Ltd. has a 12 month low of $4.76 and a 12 month high of $7.23. The firm has a 50-day simple moving average of $5.78 and a 200 day simple moving average of $5.49. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 24.67 and a beta of 0.97.

ICL Group (NYSE:ICL) last released its quarterly earnings data on Wednesday, May 13th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. ICL Group had a net margin of 3.52% and a return on equity of 7.84%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.92 billion. Equities research analysts predict that ICL Group Ltd. will post 0.43 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Tuesday, June 2nd were given a $0.0535 dividend. This represents a $0.21 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 2nd. This is a positive change from ICL Group’s previous quarterly dividend of $0.05. ICL Group’s payout ratio is 80.00%.

Wall Street Analyst Weigh In

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

ICL Group 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.