PDS Planning Inc Invests $147,000 in ICL Group Ltd (NYSE:ICL)

PDS Planning Inc bought a new stake in shares of ICL Group Ltd (NYSE:ICL) in the fourth quarter, Holdings Channel.com reports. The fund bought 29,688 shares of the basic materials company’s stock, valued at approximately $147,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Lindbrook Capital LLC boosted its position in ICL Group by 56.8% in the 4th quarter. Lindbrook Capital LLC now owns 5,273 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,910 shares during the period. Quantbot Technologies LP boosted its holdings 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 boosted its holdings 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 purchased a new position in ICL Group during the 4th quarter worth $54,000. Finally, Townsquare Capital LLC purchased a new position in ICL Group during the 3rd quarter worth $56,000. 13.38% of the stock is currently owned by institutional investors.

ICL Group Trading Up 0.1 %

ICL opened at $6.08 on Thursday. ICL Group Ltd has a 12 month low of $3.79 and a 12 month high of $6.57. The stock has a fifty day moving average price of $5.96 and a 200-day moving average price of $4.97. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 7.10 and a beta of 1.21. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30.

ICL Group (NYSE:ICL) last released its quarterly earnings results on Wednesday, February 26th. The basic materials company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. ICL Group had a net margin of 5.83% and a return on equity of 8.31%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. As a group, equities research analysts anticipate that ICL Group Ltd will post 0.37 earnings per share for the current fiscal year.

ICL Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Wednesday, March 12th will be paid a $0.0403 dividend. This represents a $0.16 annualized dividend and a yield of 2.65%. This is an increase from ICL Group’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, March 12th. ICL Group’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analyst Weigh In

ICL has been the topic of a number of recent research reports. Barclays increased their price target on ICL Group from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets upped their price target on shares of ICL Group from $6.00 to $6.50 and gave the stock a “market perform” rating in a research report on Thursday, February 27th.

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.