ICL Group (NYSE:ICL) Reaches New 1-Year Low at $4.13

ICL Group Ltd (NYSE:ICL) shares reached a new 52-week low on Thursday . The company traded as low as $4.13 and last traded at $4.17, with a volume of 60489 shares. The stock had previously closed at $4.20.

ICL Group Stock Performance

The company’s 50-day moving average price is $4.50 and its two-hundred day moving average price is $4.75. The company has a current ratio of 1.60, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.40 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25.

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

ICL Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Thursday, June 6th. ICL Group’s payout ratio is 48.65%.

Hedge Funds Weigh In On ICL Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in shares of ICL Group by 8.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 34,054 shares of the basic materials company’s stock valued at $180,000 after buying an additional 2,542 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of ICL Group by 8.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 32,115 shares of the basic materials company’s stock worth $161,000 after buying an additional 2,580 shares during the last quarter. Drive Wealth Management LLC boosted its holdings 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 worth $89,000 after buying an additional 3,317 shares during the last quarter. Blue Trust Inc. lifted its holdings 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. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of ICL Group by 103.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 7,093 shares of the basic materials company’s stock valued at $38,000 after buying an additional 3,612 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.