Dorsey & Whitney Trust CO LLC Acquires Shares of 16,832 ICL Group Ltd (NYSE:ICL)

Dorsey & Whitney Trust CO LLC bought a new position in shares of ICL Group Ltd (NYSE:ICL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,832 shares of the basic materials company’s stock, valued at approximately $83,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lindbrook Capital LLC lifted its holdings in ICL Group by 56.8% during the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,910 shares during the last quarter. Quantbot Technologies LP raised its position in shares of ICL Group by 35.6% in the third quarter. Quantbot Technologies LP now owns 11,380 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 2,985 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of ICL Group by 223.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,715 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 7,405 shares during the period. Savant Capital LLC acquired a new stake in shares of ICL Group during the 4th quarter worth about $54,000. Finally, Townsquare Capital LLC bought a new stake in shares of ICL Group during the 3rd quarter worth about $56,000. 13.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ICL. StockNews.com cut shares of ICL Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. Barclays increased their target price on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price target on ICL Group from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, February 27th.

ICL Group Price Performance

NYSE:ICL opened at $6.17 on Wednesday. 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 market cap of $8.11 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 7.10 and a beta of 1.21. ICL Group Ltd has a 52 week low of $3.79 and a 52 week high of $6.57. The firm’s 50-day simple moving average is $5.83 and its 200 day simple moving average is $4.90.

ICL Group (NYSE:ICL) last announced its earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. As a group, sell-side analysts predict that ICL Group Ltd will post 0.37 earnings per share for the current year.

ICL Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th will be issued a $0.0403 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This is a boost from ICL Group’s previous quarterly dividend of $0.01. This represents a $0.16 annualized dividend and a yield of 2.61%. ICL Group’s payout ratio is currently 50.00%.

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.