Caisse DE Depot ET Placement DU Quebec trimmed its holdings in Israel Chemicals Ltd. (NYSE:ICL) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 888,549 shares of the basic materials company’s stock after selling 214,868 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.07% of Israel Chemicals worth $3,609,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Israel Chemicals in the fourth quarter valued at approximately $171,000. Geode Capital Management LLC bought a new stake in shares of Israel Chemicals in the fourth quarter valued at approximately $182,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Israel Chemicals by 65.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,065,779 shares of the basic materials company’s stock valued at $12,421,000 after acquiring an additional 1,209,368 shares during the period. BlackRock Inc. boosted its position in shares of Israel Chemicals by 37.9% in the fourth quarter. BlackRock Inc. now owns 100,051 shares of the basic materials company’s stock valued at $404,000 after acquiring an additional 27,472 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Israel Chemicals by 32.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,823,853 shares of the basic materials company’s stock valued at $732,871,000 after acquiring an additional 444,673 shares during the period. 7.96% of the stock is owned by institutional investors.
Israel Chemicals Ltd. (NYSE:ICL) opened at $4.49 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 0.64. The company has a market capitalization of $5,840.50, a price-to-earnings ratio of 16.04 and a beta of 1.06. Israel Chemicals Ltd. has a 12 month low of $3.85 and a 12 month high of $4.95.
Several research firms have recently weighed in on ICL. Zacks Investment Research raised Israel Chemicals from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, March 7th. ValuEngine upgraded Israel Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.00.
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About Israel Chemicals
Israel Chemicals Ltd. operates as a specialty minerals company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mines and produces potash and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.
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