Aperio Group LLC grew its holdings in shares of Israel Chemicals Ltd (NYSE:ICL) by 24.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,051 shares of the basic materials company’s stock after buying an additional 84,347 shares during the quarter. Aperio Group LLC’s holdings in Israel Chemicals were worth $2,551,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Israel Chemicals by 35.1% during the third quarter. Bank of Montreal Can now owns 200,367 shares of the basic materials company’s stock valued at $1,208,000 after buying an additional 52,073 shares during the last quarter. Lourd Capital LLC acquired a new position in shares of Israel Chemicals during the third quarter valued at about $167,000. Schroder Investment Management Group grew its holdings in shares of Israel Chemicals by 43.8% during the second quarter. Schroder Investment Management Group now owns 655,043 shares of the basic materials company’s stock valued at $10,939,000 after buying an additional 199,511 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Israel Chemicals by 526.7% during the second quarter. Voya Investment Management LLC now owns 473,144 shares of the basic materials company’s stock valued at $2,159,000 after buying an additional 397,649 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Israel Chemicals by 40.4% during the second quarter. Van ECK Associates Corp now owns 2,014,048 shares of the basic materials company’s stock valued at $9,265,000 after buying an additional 579,976 shares during the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.
ICL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Israel Chemicals from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. BMO Capital Markets reiterated a “hold” rating and set a $5.25 price objective on shares of Israel Chemicals in a report on Wednesday, September 19th. ValuEngine upgraded shares of Israel Chemicals from a “hold” rating to a “buy” rating in a report on Friday, August 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $6.57 price objective on shares of Israel Chemicals in a report on Sunday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Israel Chemicals has a consensus rating of “Hold” and an average target price of $5.69.
Shares of NYSE ICL opened at $6.17 on Wednesday. The stock has a market cap of $7.79 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. Israel Chemicals Ltd has a 1 year low of $3.85 and a 1 year high of $6.90. The company has a quick ratio of 0.73, a current ratio of 1.34 and a debt-to-equity ratio of 0.44.
Israel Chemicals (NYSE:ICL) last released its quarterly earnings results on Thursday, November 1st. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Israel Chemicals had a net margin of 23.84% and a return on equity of 13.67%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Israel Chemicals Ltd will post 0.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Tuesday, December 4th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Monday, December 3rd. This is a boost from Israel Chemicals’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 3.31%. Israel Chemicals’s payout ratio is 32.26%.
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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, salt, and Polysulphate; and produces, markets, and sells pure magnesium and magnesium alloys, as well as produces dry carnallite and related by-products, including chlorine and sylvinite.
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