ICL Group Ltd (NYSE: ICL – Get a rating) recorded a significant increase in short-term interest in June. As of June 15, there was short interest totaling 764,000 shares, an increase of 43.1% from the total of 534,000 shares as of May 31. Based on an average daily trading volume of 1,370,000 shares, the short interest ratio is currently 0.6 days.
ICL has been the subject of several research reports. Barclays launched ICL Group coverage in a report on Wednesday June 1. They set an “equal weight” rating and a price target of $12.00 on the stock. Morgan Stanley raised its price target on ICL Group from $10.00 to $11.00 and gave the stock an “equal weight” rating in a Thursday, March 17 report. To finish, StockNews.com launched coverage on ICL Group in a report on Thursday, March 31. They set a “Strong Buy” rating on the stock.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in ICL Group by 142.8% in the third quarter. Wellington Management Group LLP now owns 91,714 shares of the basic materials company valued at $674,000 after buying an additional 53,941 shares last quarter. UBS Group AG increased its stake in ICL Group by 63.0% in the third quarter. UBS Group AG now owns 1,929,655 shares of the basic materials company valued at $14,029,000 after buying an additional 745,907 shares last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in ICL Group in Q3, valued at approximately $74,000. Exchange Traded Concepts LLC acquired a new stake in ICL Group in Q4, valued at approximately $36,000. Finally, Russell Investments Group Ltd. increased its stake in ICL Group by 70.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,967,590 shares of the basic materials company valued at $18,969,000 after purchasing an additional 813,899 shares last quarter.
NYSE ICL shares were down $0.10 at midday Friday, hitting $8.98. 839,359 shares of the company were traded, against an average volume of 1,072,342. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt ratio of 0.45. ICL Group has a 1 year minimum of $6.43 and a 1 year maximum of $12.96. The stock has a fifty-day simple moving average of $10.67 and a 200-day simple moving average of $10.70. The stock has a market capitalization of $11.49 billion, a P/E ratio of 9.16, a PEG ratio of 0.70 and a beta of 1.09.
ICL Group (NYSE: ICL – Get a rating) last released its quarterly results on Wednesday, May 11. The basic materials company reported earnings per share (EPS) of $0.48 for the quarter, beating analysts’ consensus estimate of $0.33 by $0.15. ICL Group achieved a return on equity of 27.48% and a net margin of 16.06%. The company posted revenue of $2.53 billion for the quarter, versus analyst estimates of $2.12 billion. As a group, analysts expect ICL Group to post earnings per share of 1.92 for the current year.
The company also recently declared a dividend, which was paid on Wednesday, June 1. Investors of record on Wednesday, June 1 received a dividend of $23.832 per share. The ex-dividend date was Tuesday, May 31. This represents a dividend yield of 2.54%. This is a positive change from ICL Group’s previous dividend of $0.05. ICL Group’s dividend payout ratio (DPR) is currently 96.94%.
ICL Group Company Profile (Get a rating)
ICL Group Ltd, together with its subsidiaries, operates as a specialist minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions and Innovative Agricultural Solutions (IAS). The Industrial Products segment produces bromine from 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 phosphorus-based flame retardants and other phosphorus-based products.
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