Bank of Montreal Can lessened its holdings in Israel Chemicals Ltd. (NYSE:ICL) by 73.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 257,453 shares of the basic materials company’s stock after selling 700,793 shares during the quarter. Bank of Montreal Can’s holdings in Israel Chemicals were worth $1,040,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. First Eagle Investment Management LLC raised its position in shares of Israel Chemicals by 1.4% in the third quarter. First Eagle Investment Management LLC now owns 26,215,367 shares of the basic materials company’s stock worth $116,315,000 after buying an additional 354,015 shares in the last quarter. Vanguard Group Inc. raised its position in Israel Chemicals by 17.3% during the second quarter. Vanguard Group Inc. now owns 11,583,640 shares of the basic materials company’s stock valued at $54,790,000 after purchasing an additional 1,712,172 shares in the last quarter. Bank of New York Mellon Corp raised its position in Israel Chemicals by 5.5% during the third quarter. Bank of New York Mellon Corp now owns 1,379,180 shares of the basic materials company’s stock valued at $6,124,000 after purchasing an additional 71,750 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Israel Chemicals by 2.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,103,417 shares of the basic materials company’s stock valued at $4,918,000 after purchasing an additional 21,486 shares in the last quarter. Finally, River & Mercantile Asset Management LLP raised its position in Israel Chemicals by 72.4% during the third quarter. River & Mercantile Asset Management LLP now owns 515,001 shares of the basic materials company’s stock valued at $2,274,000 after purchasing an additional 216,200 shares in the last quarter. Institutional investors own 6.31% of the company’s stock.
Shares of Israel Chemicals Ltd. (NYSE ICL) opened at $4.08 on Friday. Israel Chemicals Ltd. has a 12-month low of $3.85 and a 12-month high of $4.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.17. The firm has a market capitalization of $5,241.15, a PE ratio of 14.57 and a beta of 1.16.
Israel Chemicals (NYSE:ICL) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. Israel Chemicals had a return on equity of 13.88% and a net margin of 6.72%. The business had revenue of $1.36 billion for the quarter. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts forecast that Israel Chemicals Ltd. will post 0.33 EPS for the current fiscal year.
ICL has been the topic of a number of research reports. Zacks Investment Research downgraded Israel Chemicals from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. ValuEngine downgraded Israel Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.88.
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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 and salt from subterranean mines in Spain and the United Kingdom, as well as uses part of the potash to produce compound fertilizers; mines and processes phosphate rock in open mines; and produces sulfuric acid, agricultural phosphoric acid, phosphate fertilizers, compound fertilizers, liquid fertilizers, and soluble fertilizers.
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