River & Mercantile Asset Management LLP decreased its position in shares of Israel Chemicals Ltd (NYSE:ICL) by 46.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,545 shares of the basic materials company’s stock after selling 275,483 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Israel Chemicals were worth $1,660,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of ICL. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Israel Chemicals by 65.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,521,491 shares of the basic materials company’s stock worth $18,454,000 after buying an additional 1,398,864 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Israel Chemicals during the 2nd quarter worth $3,502,000. Vanguard Group Inc. grew its position in shares of Israel Chemicals by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 19,161,577 shares of the basic materials company’s stock worth $99,639,000 after buying an additional 518,451 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Israel Chemicals by 23.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,705,504 shares of the basic materials company’s stock worth $1,446,607,000 after buying an additional 507,268 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Israel Chemicals by 13.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,088,652 shares of the basic materials company’s stock worth $10,861,000 after buying an additional 247,857 shares in the last quarter. 7.15% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Israel Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Shares of ICL remained flat at $$4.54 during midday trading on Wednesday. Israel Chemicals Ltd has a 1-year low of $4.43 and a 1-year high of $6.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.51 and a quick ratio of 0.85. The firm has a 50-day moving average of $4.74 and a 200-day moving average of $5.13. The firm has a market cap of $5.90 billion, a PE ratio of 12.27, a P/E/G ratio of 1.18 and a beta of 0.89.
Israel Chemicals (NYSE:ICL) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Israel Chemicals had a return on equity of 14.03% and a net margin of 9.04%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Israel Chemicals Ltd will post 0.42 earnings per share for the current fiscal year.
Israel Chemicals Company Profile
Israel Chemicals Ltd. operates as a specialty minerals and chemicals company worldwide. It operates in four segments: Industrial Products, Potash, Phosphate Solutions, and Innovative Ag Solutions (IAS). The Industrial Products segment produces bromine out of a solution that is a by-product of the potash production process, as well as bromine-based compounds; produces various grades of potash, salt, magnesium chloride, and magnesia products; and produces and markets phosphorous-based flame retardants and other phosphorus-based products.
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