183,220 Shares in ICL Group Ltd. $ICL Purchased by Caprock Group LLC

Caprock Group LLC bought a new stake in ICL Group Ltd. (NYSE:ICL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 183,220 shares of the basic materials company’s stock, valued at approximately $1,180,000.

A number of other large investors have also bought and sold shares of ICL. MAI Capital Management increased its stake in shares of ICL Group by 2,055.0% in the second quarter. MAI Capital Management now owns 4,310 shares of the basic materials company’s stock valued at $30,000 after buying an additional 4,110 shares in the last quarter. CWM LLC grew its stake in shares of ICL Group by 23.7% during the second quarter. CWM LLC now owns 8,248 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 1,581 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of ICL Group in the second quarter valued at approximately $69,000. Thrivent Financial for Lutherans acquired a new position in ICL Group during the 2nd quarter worth $72,000. Finally, Greenleaf Trust bought a new position in ICL Group in the 3rd quarter valued at $74,000. 13.38% of the stock is currently owned by institutional investors.

ICL Group Trading Down 0.1%

Shares of NYSE ICL opened at $5.73 on Friday. ICL Group Ltd. has a fifty-two week low of $4.85 and a fifty-two week high of $7.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.80 and a current ratio of 1.43. The business has a 50-day moving average of $5.39 and a 200-day moving average of $5.85.

ICL Group (NYSE:ICL) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. ICL Group had a net margin of 5.23% and a return on equity of 7.24%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.95 billion. As a group, sell-side analysts anticipate that ICL Group Ltd. will post 0.37 EPS for the current fiscal year.

ICL Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Tuesday, December 2nd were issued a $0.048 dividend. This represents a $0.19 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, December 2nd. ICL Group’s payout ratio is currently 48.28%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of ICL Group in a report on Monday, December 29th. Wall Street Zen upgraded shares of ICL Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays reduced their price target on ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.23.

ICL Group Profile

ICL Group is a global specialty minerals and chemicals company headquartered in Tel Aviv, Israel. Established in its current form through the consolidation of Israeli government–owned chemical operations, ICL has evolved into a publicly traded entity on the New York Stock Exchange (NYSE: ICL). The company’s origins date back to state-driven mineral extraction in the Negev and the Dead Sea region, and over the decades it has grown through strategic acquisitions, technological innovation and a gradual privatization process completed in the early 2010s.

ICL’s core operations are organized into three principal business areas.