Signaturefd LLC Sells 5,072 Shares of ICL Group Ltd (NYSE:ICL)

Signaturefd LLC trimmed its holdings in ICL Group Ltd (NYSE:ICL) by 8.9% in the third quarter, HoldingsChannel reports. The fund owned 51,838 shares of the basic materials company’s stock after selling 5,072 shares during the period. Signaturefd LLC’s holdings in ICL Group were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ICL. Y.D. More Investments Ltd increased its stake in shares of ICL Group by 2,927,153.2% in the second quarter. Y.D. More Investments Ltd now owns 14,636,266 shares of the basic materials company’s stock worth $62,766,000 after buying an additional 14,635,766 shares during the period. Altshuler Shaham Ltd increased its stake in shares of ICL Group by 3.2% in the second quarter. Altshuler Shaham Ltd now owns 44,119,257 shares of the basic materials company’s stock worth $189,200,000 after buying an additional 1,360,670 shares during the period. Meitav Investment House Ltd. increased its stake in shares of ICL Group by 2.8% in the second quarter. Meitav Investment House Ltd. now owns 17,215,645 shares of the basic materials company’s stock worth $73,813,000 after buying an additional 465,031 shares during the period. Vanguard Group Inc. increased its stake in shares of ICL Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 24,894,017 shares of the basic materials company’s stock worth $124,719,000 after buying an additional 419,241 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of ICL Group by 931.7% in the first quarter. Tidal Investments LLC now owns 320,210 shares of the basic materials company’s stock worth $1,723,000 after buying an additional 289,174 shares during the period. 13.38% of the stock is currently owned by institutional investors.

ICL Group Stock Down 0.5 %

Shares of ICL Group stock opened at $4.09 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $4.15 and its two-hundred day simple moving average is $4.39. The company has a market cap of $5.37 billion, a P/E ratio of 12.39, a PEG ratio of 5.78 and a beta of 1.22. ICL Group Ltd has a 12-month low of $3.79 and a 12-month high of $5.54.

ICL Group (NYSE:ICL) last issued its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. ICL Group had a net margin of 6.08% and a return on equity of 8.41%. During the same period in the previous year, the firm earned $0.13 EPS. Research analysts anticipate that ICL Group Ltd will post 0.34 EPS for the current year.

ICL Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.037 per share. This represents a $0.15 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, September 4th. ICL Group’s payout ratio is currently 45.46%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ICL. Barclays decreased their target price on shares of ICL Group from $4.50 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, August 16th. StockNews.com downgraded shares of ICL Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 30th.

About ICL Group

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.