Vanguard Group Inc. boosted its stake in Israel Chemicals Ltd (NYSE:ICL) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,779,677 shares of the basic materials company’s stock after buying an additional 342,187 shares during the quarter. Vanguard Group Inc. owned approximately 1.36% of Israel Chemicals worth $107,211,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in ICL. Artemis Investment Management LLP bought a new position in shares of Israel Chemicals during the 3rd quarter valued at $49,871,000. FMR LLC bought a new position in shares of Israel Chemicals during the 3rd quarter valued at $25,668,000. Bank of New York Mellon Corp raised its holdings in shares of Israel Chemicals by 1.0% during the 3rd 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. Altshuler Shaham Ltd raised its holdings in shares of Israel Chemicals by 441.5% during the 3rd quarter. Altshuler Shaham Ltd now owns 1,370,810 shares of the basic materials company’s stock valued at $8,390,000 after purchasing an additional 1,117,665 shares in the last quarter. Finally, Credit Suisse AG raised its holdings in shares of Israel Chemicals by 2.0% during the 3rd 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. Institutional investors own 9.22% of the company’s stock.
ICL has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating and set a $6.57 price target on shares of Israel Chemicals in a report on Sunday, October 21st. Zacks Investment Research downgraded shares of Israel Chemicals from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Israel Chemicals has an average rating of “Buy” and a consensus price target of $6.11.
Israel Chemicals (NYSE:ICL) last announced its earnings results on Wednesday, February 6th. The basic materials company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. Israel Chemicals had a net margin of 22.32% and a return on equity of 12.33%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts expect that Israel Chemicals Ltd will post 0.41 EPS for the current fiscal year.
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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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