Bank of Montreal Can lowered its position in shares of Israel Chemicals Ltd. (NYSE:ICL) by 73.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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.
A number of other large investors have also recently added to or reduced their stakes in the business. First Eagle Investment Management LLC increased its position in Israel Chemicals by 1.4% during the 3rd 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 during the period. Vanguard Group Inc. increased its position in shares of Israel Chemicals by 17.3% in the second quarter. Vanguard Group Inc. now owns 11,583,640 shares of the basic materials company’s stock worth $54,790,000 after purchasing an additional 1,712,172 shares during the period. Bank of New York Mellon Corp increased its position in shares of Israel Chemicals by 5.5% in the third quarter. Bank of New York Mellon Corp now owns 1,379,180 shares of the basic materials company’s stock worth $6,124,000 after purchasing an additional 71,750 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in Israel Chemicals by 2.0% in 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 acquiring an additional 21,486 shares during the last quarter. Finally, River & Mercantile Asset Management LLP grew its position in Israel Chemicals by 72.4% in 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 acquiring an additional 216,200 shares during the last quarter. 6.27% of the stock is owned by hedge funds and other institutional investors.
ICL has been the topic of a number of recent analyst reports. ValuEngine cut Israel Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered Israel Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Israel Chemicals currently has a consensus rating of “Hold” and an average price target of $4.88.
Israel Chemicals Ltd. (NYSE:ICL) traded up $0.08 during trading on Friday, hitting $4.43. The company had a trading volume of 138,764 shares, compared to its average volume of 255,771. The firm has a market capitalization of $5,649.22, a price-to-earnings ratio of 14.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.64 and a current ratio of 1.17. Israel Chemicals Ltd. has a one year low of $3.85 and a one year high of $4.95.
Israel Chemicals (NYSE:ICL) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. The business had revenue of $1.36 billion during the quarter. Israel Chemicals had a return on equity of 13.88% and a net margin of 6.72%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. analysts predict that Israel Chemicals Ltd. will post 0.34 EPS for the current 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 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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