Sigma Planning Corp Makes New Investment in ICL Group Ltd (NYSE:ICL)


Sigma Planning Corp bought a new position in shares of ICL Group Ltd (NYSE:ICL – Get Rating ) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,736 shares of the basic materials company’s stock, valued at approximately $226,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Paradiem LLC boosted its stake in shares of ICL Group by 4.8% in the first quarter. Paradiem LLC now owns 38,706 shares of the basic materials company’s stock valued at $468,000 after acquiring an additional 1,772 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of ICL Group by 5.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 64,739 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 3,083 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of ICL Group during the 4th quarter valued at $36,000. First Eagle Investment Management LLC bought a new stake in shares of ICL Group in the 4th quarter valued at $79,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of ICL Group in the third quarter valued at $74,000.

Shares of ICL stock opened at $9.16 on Monday. The firm has a market cap of $11.72 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.16. The firm has a fifty day simple moving average of $10.46 and a two hundred day simple moving average of $10.70. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45. ICL Group Ltd has a 12-month low of $6.43 and a 12-month high of $12.96.

ICL Group (NYSE:ICL – Get Rating ) last announced its quarterly earnings results on Wednesday, May 11th. The basic materials company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to analysts’ estimates of $2.12 billion. ICL Group had a net margin of 16.06% and a return on equity of 27.48%. On average, equities analysts predict that ICL Group Ltd will post 1.92 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Wednesday, June 1st. Shareholders of record on Wednesday, June 1st were given a dividend of $23.832 per share. This represents a yield of 2.54%. This is an increase from ICL Group’s previous dividend of $0.05. The ex-dividend date of this dividend was Tuesday, May 31st. ICL Group’s payout ratio is currently 96.94%.

Several research firms recently weighed in on ICL. Barclays began coverage on shares of ICL Group in a research note on Wednesday, June 1st. They issued an “equal weight” rating and a $12.00 target price for the company. StockNews.com assumed coverage on shares of ICL Group in a research note on Thursday, March 31st. They assign a “strong buy” rating to the company. Finally, Morgan Stanley boosted their price objective on shares of ICL Group from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, March 17th.

ICL Group Profile (Get 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 solution, which is a by-product of the potash production process, as well as bromine-based compounds; produces various types of potash, salt, magnesium chloride and magnesium products; and manufactures and markets phosphorus-based flame retardants and other phosphorus-based products.

See also

Institutional Ownership by Quarter for ICL Group (NYSE:ICL)



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