Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Purchases 233,149 Shares of ICL Group Ltd (NYSE:ICL)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. boosted its position in shares of ICL Group Ltd (NYSE:ICL) by 222.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 338,170 shares of the basic materials company’s stock after purchasing an additional 233,149 shares during the quarter. ICL Group accounts for about 5.5% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s investment portfolio, 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 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of ICL Group by 85.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,072 shares of the basic materials company’s stock valued at $717,000 after purchasing an additional 66,933 shares in the last quarter. Stifel Financial Corp raised its holdings in ICL Group by 65.0% during the 3rd quarter. Stifel Financial Corp now owns 591,187 shares of the basic materials company’s stock worth $2,513,000 after buying an additional 232,842 shares during the period. Meitav Investment House Ltd. lifted its stake in ICL Group by 21.3% in the fourth quarter. Meitav Investment House Ltd. now owns 20,551,025 shares of the basic materials company’s stock valued at $101,391,000 after buying an additional 3,606,357 shares in the last quarter. Townsquare Capital LLC acquired a new position in shares of ICL Group in the third quarter valued at approximately $56,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ICL Group by 9.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,335,527 shares of the basic materials company’s stock worth $5,676,000 after acquiring an additional 120,169 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

ICL Group Price Performance

NYSE ICL opened at $5.36 on Friday. The firm’s 50 day moving average is $5.96 and its 200-day moving average is $5.10. 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 capitalization of $7.04 billion, a PE ratio of 17.29, a price-to-earnings-growth 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.

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

ICL Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Wednesday, March 12th were given a $0.0403 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.01%. This is an increase from ICL Group’s previous quarterly dividend of $0.01. ICL Group’s payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays boosted 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. StockNews.com lowered ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their price objective on ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, February 27th.

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.