Sivia Capital Partners LLC Makes New Investment in ICL Group Ltd (NYSE:ICL)

Sivia Capital Partners LLC acquired a new position in shares of ICL Group Ltd (NYSE:ICL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,050 shares of the basic materials company’s stock, valued at approximately $70,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Drive Wealth Management LLC lifted its stake in shares of ICL Group by 23.1% in the 4th quarter. Drive Wealth Management LLC now owns 17,686 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 3,317 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of ICL Group by 45.6% in the 4th 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. Autumn Glory Partners LLC lifted its stake in ICL Group by 33.3% during the 4th quarter. Autumn Glory Partners LLC now owns 16,000 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 4,000 shares in the last quarter. Hsbc Holdings PLC lifted its stake in ICL Group by 3.8% during the 3rd quarter. Hsbc Holdings PLC now owns 113,968 shares of the basic materials company’s stock worth $628,000 after acquiring an additional 4,192 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in ICL Group by 18.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 29,535 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 4,609 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

ICL Group Stock Performance

Shares of NYSE ICL traded down $0.21 during trading hours on Monday, reaching $4.30. The stock had a trading volume of 682,123 shares, compared to its average volume of 745,157. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 6.54 and a beta of 1.26. The company has a current ratio of 1.60, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. ICL Group Ltd has a fifty-two week low of $4.30 and a fifty-two week high of $6.73. The firm has a 50-day moving average of $4.73 and a 200-day moving average of $4.88.

ICL Group (NYSE:ICL) last announced its earnings results on Thursday, May 9th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.66 billion. ICL Group had a return on equity of 9.05% and a net margin of 6.68%. During the same period in the prior year, the firm earned $0.23 EPS. Equities research analysts predict that ICL Group Ltd will post 0.33 earnings per share for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.0457 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.18 dividend on an annualized basis and a yield of 4.25%. ICL Group’s payout ratio is 48.65%.

Wall Street Analyst Weigh In

Separately, Barclays upped their price target on ICL Group from $4.00 to $4.50 and gave the stock an “underweight” rating in a report on Friday, March 1st.

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.