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The Manufacturers Life Insurance Company increased its position in Israel Chemicals Ltd. (NYSE: ICL) by 35.7% in the first quarter, according to the company's institutional investor owned 297,962 shares of the base materials company, after acquiring 78,324 additional shares during the period, and its stake in Israel Chemicals was $ 1,263,000. recent filing of the SEC.
Other institutional investors recently bought and sold shares of the company, while Macquarie Group Ltd. increased its holdings in Israel Chemicals by 2,580.3% in the fourth quarter. After acquiring an additional 59,475 shares in the last quarter, Jane Street Group LLC has acquired a new position in srael Chemicals in the fourth quarter valued at approximately $ 417,000. Meitav Dash Investments Ltd. acquired a new position in Israel Chemicals in the fourth quarter valued at approximately $ 24,290,000. Schroder Investment Management Group increased its stake in Israel Chemicals by 707.3% in the first quarter. Schroder Investment Management Group now holds 455,532 shares of the base materials company valued at $ 6,742,000 after acquiring 399,102 additional shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Israel Chemicals by 593.4% in the fourth quarter. Two Sigma Investments LP now owns 153,663 shares of the base materials company valued at $ 621,000 after acquiring an additional 131,501 shares in the last quarter. 7.02% of the shares are held by hedge funds and other institutional investors.
Shares of Israel Chemicals opened Friday at $ 4.69, according to MarketBeat Ratings. Israel Chemicals Ltd has a minimum of one year of $ 3.85 and a one – year high of $ 4.99. The company has a fast ratio of 1.03, a ratio of 1.62 and a debt ratio of 0.65. The company has a market capitalization of $ 6.11 billion, a PE ratio of 14.21 and a beta of 1.01.
Israel Chemicals (NYSE: ICL) released its financial results for the last time on Thursday, May 10. The base materials company reported earnings per share (EPS) of $ 0.08 for the quarter, reaching Zack's consensus estimate of $ 0.08. Israel Chemicals had a return on equity of 13.77% and a net margin of 22.15%. The activity generated a turnover of $ 1.40 billion during the quarter, compared with $ 1.43 billion for badysts. During the same period of the previous year, the company posted earnings per share of $ 0.04. The quarterly revenue of Israel Chemicals is up 8.4% compared to the same quarter of last year. Equity research badysts expect Israel Chemicals Ltd. to post earnings per share of 0.38 for the current year.
The company also recently announced a quarterly dividend, which was paid Wednesday, June 20. Shareholders of record on Wednesday, June 6 received a dividend of $ 0.04. The ex-dividend date was Wednesday, June 6th. This represents a $ 0.16 dividend on an annualized basis and a dividend yield of 3.41%. The distribution rate of Israel Chemicals is currently 70.97%.
Several research firms commented on ICL. Zacks Investment Research took Israel Chemicals from a "hold" rating to a "buy" rating and set a price target of $ 5.25 for the company in a report released on Wednesday. ValuEngine lowered Israel Chemicals from a "buy" rating to a "hold" note in a report on Tuesday 29 May. Finally, Citigroup took Israel Chemicals from a "neutral" rating to a "buy" rating in a report released on Wednesday, March 21st. Four badysts badigned a note to the action and one attributed a purchase note to the action. The company currently has an average rating of "Hold" and a consensus target price of $ 4.88.
Israel Chemicals Profile
Israel Chemicals Ltd. operates as a specialty mineral company worldwide. The company operates through two segments, Essential Minerals and Specialty Solutions. The company extracts potash from the Dead Sea; mine and produces potash, salt and polysulfate; and produces, markets and sells pure magnesium and magnesium alloys, and produces dry carnallite and related by-products, including chlorine and sylvinite.
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