Glenorchy Capital Ltd Invests $722,000 in ICL Group Ltd (NYSE:ICL)

Glenorchy Capital Ltd purchased a new stake in shares of ICL Group Ltd (NYSE:ICL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 144,126 shares of the basic materials company’s stock, valued at approximately $722,000.

A number of other large investors have also added to or reduced their stakes in ICL. Ronald Blue Trust Inc. grew its stake in shares of ICL Group by 82.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 7,661 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 3,460 shares during the period. SVB Wealth LLC purchased a new position in shares of ICL Group in the fourth quarter valued at $51,000. Blue Trust Inc. lifted its position in ICL Group by 45.6% during the fourth quarter. Blue Trust Inc. now owns 11,156 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 3,495 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in shares of ICL Group during the 3rd quarter worth approximately $63,000. Finally, Autumn Glory Partners LLC purchased a new position in ICL Group in the third quarter worth $67,000. Institutional investors own 13.38% of the company’s stock.

ICL Group Trading Up 0.2 %

Shares of NYSE:ICL traded up $0.01 during midday trading on Tuesday, reaching $4.72. The company’s stock had a trading volume of 377,523 shares, compared to its average volume of 865,919. The business has a 50 day moving average price of $5.08 and a 200 day moving average price of $4.97. ICL Group Ltd has a 1 year low of $4.30 and a 1 year high of $6.73. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 9.68 and a beta of 1.22. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last posted its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a net margin of 8.65% and a return on equity of 12.04%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. Research analysts forecast that ICL Group Ltd will post 0.33 EPS for the current year.

ICL Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 14th were paid a $0.0476 dividend. This is a positive change from ICL Group’s previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Wednesday, March 13th. ICL Group’s payout ratio is currently 37.26%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TheStreet downgraded shares of ICL Group from a “b-” rating to a “c+” rating in a report on Tuesday, January 2nd. Barclays lifted their price target on shares of ICL Group from $4.00 to $4.50 and gave the company an “underweight” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.75.

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.