Vanguard Group Inc. Raises Stake in Israel Chemicals Shs (ICL)

Vanguard Group Inc. increased its holdings in shares of Israel Chemicals Shs (NYSE:ICL) by 17.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,583,640 shares of the basic materials company’s stock after purchasing an additional 1,712,172 shares during the period. Vanguard Group Inc. owned 0.91% of Israel Chemicals Shs worth $54,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of Israel Chemicals Shs by 44.8% during the first quarter. Wellington Management Group LLP now owns 23,830 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 7,370 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of Israel Chemicals Shs during the first quarter valued at approximately $102,000. Russell Investments Group Ltd. boosted its stake in shares of Israel Chemicals Shs by 80.1% during the second quarter. Russell Investments Group Ltd. now owns 40,566 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 18,041 shares in the last quarter. World Asset Management Inc bought a new position in shares of Israel Chemicals Shs during the second quarter valued at approximately $355,000. Finally, Comerica Bank boosted its stake in shares of Israel Chemicals Shs by 514.0% during the second quarter. Comerica Bank now owns 82,311 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 68,906 shares in the last quarter. Hedge funds and other institutional investors own 6.05% of the company’s stock.

Israel Chemicals Shs (NYSE:ICL) opened at $4.20 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.65 and a current ratio of 1.24. The company has a market cap of $5.41 billion, a PE ratio of 15.14 and a beta of 1.18.

Israel Chemicals Shs (NYSE:ICL) last released its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Israel Chemicals Shs had a negative net margin of 3.43% and a positive return on equity of 13.55%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.09 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts expect that Israel Chemicals Shs will post 0.28 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating on shares of Israel Chemicals Shs in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Israel Chemicals Shs from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. ValuEngine upgraded shares of Israel Chemicals Shs from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Israel Chemicals Shs from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $5.25 price objective (up from $4.75) on shares of Israel Chemicals Shs in a research note on Friday, July 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Israel Chemicals Shs presently has an average rating of “Hold” and an average target price of $4.88.

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About Israel Chemicals Shs

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.

Institutional Ownership by Quarter for Israel Chemicals Shs (NYSE:ICL)

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