Ignite Planners LLC Raises Stock Holdings in ICL Group Ltd (NYSE:ICL)

Ignite Planners LLC lifted its position in ICL Group Ltd (NYSE:ICL) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,515 shares of the basic materials company’s stock after purchasing an additional 7,598 shares during the quarter. Ignite Planners LLC’s holdings in ICL Group were worth $797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ICL. Claro Advisors LLC lifted its position in ICL Group by 18.4% during the fourth quarter. Claro Advisors LLC now owns 18,458 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 2,872 shares during the period. Moody National Bank Trust Division acquired a new position in shares of ICL Group in the 4th quarter valued at about $68,000. Virtu Financial LLC acquired a new position in shares of ICL Group in the 3rd quarter valued at about $296,000. Public Employees Retirement System of Ohio purchased a new stake in shares of ICL Group in the third quarter worth about $589,000. Finally, XTX Topco Ltd acquired a new stake in ICL Group during the third quarter worth about $126,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Up 5.6 %

ICL opened at $5.49 on Tuesday. The company has a fifty day moving average of $4.79 and a two-hundred day moving average of $4.41. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 6.97 and a beta of 1.22. ICL Group Ltd has a fifty-two week low of $3.79 and a fifty-two week high of $5.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56.

ICL Group (NYSE:ICL) last announced its earnings results on Monday, November 11th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. ICL Group had a return on equity of 8.31% and a net margin of 5.83%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company posted $0.11 EPS. On average, research analysts expect that ICL Group Ltd will post 0.35 earnings per share for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.0133 per share. This represents a $0.05 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Wednesday, December 4th. ICL Group’s dividend payout ratio is presently 45.16%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

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.