River & Mercantile Asset Management LLP decreased its holdings in shares of Israel Chemicals Ltd (NYSE:ICL) by 28.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 845,028 shares of the basic materials company’s stock after selling 342,704 shares during the quarter. River & Mercantile Asset Management LLP owned about 0.06% of Israel Chemicals worth $5,100,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Credit Suisse AG raised its stake in Israel Chemicals by 2.0% during the third quarter. Credit Suisse AG now owns 922,166 shares of the basic materials company’s stock valued at $5,561,000 after purchasing an additional 18,251 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Israel Chemicals by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 1,982,567 shares of the basic materials company’s stock valued at $11,955,000 after purchasing an additional 19,052 shares in the last quarter. Lourd Capital LLC purchased a new stake in Israel Chemicals during the third quarter valued at $167,000. Citadel Advisors LLC purchased a new stake in Israel Chemicals during the third quarter valued at $174,000. Finally, AXA purchased a new stake in Israel Chemicals during the third quarter valued at $181,000. 9.19% of the stock is currently owned by institutional investors.
ICL stock opened at $5.61 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.73 and a debt-to-equity ratio of 0.44. Israel Chemicals Ltd has a twelve month low of $3.85 and a twelve month high of $6.90. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.62 and a beta of 1.08.
Israel Chemicals (NYSE:ICL) last posted its quarterly earnings results on Thursday, November 1st. The basic materials company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Israel Chemicals had a net margin of 23.84% and a return on equity of 13.67%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. As a group, analysts anticipate that Israel Chemicals Ltd will post 0.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Tuesday, December 4th will be issued a $0.051 dividend. The ex-dividend date is Monday, December 3rd. This is a boost from Israel Chemicals’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.64%. Israel Chemicals’s dividend payout ratio is presently 16.13%.
ICL has been the topic of a number of recent research reports. ValuEngine raised shares of Israel Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Zacks Investment Research raised shares of Israel Chemicals from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. BMO Capital Markets reaffirmed a “hold” rating and set a $5.25 price target on shares of Israel Chemicals in a research note on Wednesday, September 19th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $6.57 price target on shares of Israel Chemicals in a research note on Sunday, October 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Israel Chemicals currently has an average rating of “Hold” and an average target price of $5.69.
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Israel Chemicals Company Profile
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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