Claro Advisors LLC Invests $66,000 in ICL Group Ltd (NYSE:ICL)

Claro Advisors LLC acquired a new stake in ICL Group Ltd (NYSE:ICL) in the 3rd quarter, HoldingsChannel reports. The fund acquired 15,586 shares of the basic materials company’s stock, valued at approximately $66,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Litman Gregory Wealth Management LLC bought a new stake in ICL Group during the third quarter worth $56,000. Marshall Wace LLP acquired a new position in shares of ICL Group during the 2nd quarter worth about $56,000. Choreo LLC bought a new stake in shares of ICL Group in the 2nd quarter valued at about $67,000. SVB Wealth LLC lifted its stake in ICL Group by 66.0% in the 1st quarter. SVB Wealth LLC now owns 16,875 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 6,709 shares during the last quarter. Finally, GW Henssler & Associates Ltd. grew its holdings in ICL Group by 18.0% during the third quarter. GW Henssler & Associates Ltd. now owns 19,726 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 3,010 shares during the period. 13.38% of the stock is owned by institutional investors.

ICL Group Stock Performance

NYSE ICL opened at $4.38 on Wednesday. The stock has a market cap of $5.75 billion, a PE ratio of 14.13, a P/E/G ratio of 6.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 1.56. The firm has a 50-day moving average of $4.13 and a 200-day moving average of $4.34. ICL Group Ltd has a 52-week low of $3.79 and a 52-week high of $5.54.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Monday, November 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business posted $0.11 earnings per share. On average, sell-side analysts anticipate that ICL Group Ltd will post 0.34 EPS for the current year.

ICL Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.0133 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.05 annualized dividend and a yield of 1.21%. ICL Group’s dividend payout ratio (DPR) is presently 48.39%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com upgraded ICL Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Barclays dropped their price target on ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th.

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.