Wetherby Asset Management Inc. Raises Stock Position in Israel Chemicals Ltd (NYSE:ICL)

Wetherby Asset Management Inc. increased its stake in Israel Chemicals Ltd (NYSE:ICL) by 29.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,986 shares of the basic materials company’s stock after purchasing an additional 5,420 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Israel Chemicals were worth $120,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in Israel Chemicals by 30.1% in the second quarter. Signaturefd LLC now owns 13,119 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 3,038 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Israel Chemicals by 149.6% in the third quarter. Lindbrook Capital LLC now owns 5,472 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 3,280 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Israel Chemicals by 20.5% in the second quarter. Ballentine Partners LLC now owns 26,747 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 4,546 shares during the last quarter. CoreCommodity Management LLC boosted its holdings in Israel Chemicals by 17.8% in the second quarter. CoreCommodity Management LLC now owns 44,463 shares of the basic materials company’s stock worth $233,000 after purchasing an additional 6,716 shares during the last quarter. Finally, Eaton Vance Management purchased a new stake in Israel Chemicals in the second quarter worth approximately $58,000. Institutional investors own 6.63% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Israel Chemicals from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th.

ICL stock traded up $0.04 on Friday, hitting $4.60. The company had a trading volume of 109,167 shares, compared to its average volume of 158,197. The stock’s 50-day simple moving average is $4.68 and its 200 day simple moving average is $5.02. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 1.19 and a beta of 0.89. Israel Chemicals Ltd has a 12-month low of $4.36 and a 12-month high of $6.48. The company has a current ratio of 1.51, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53.

Israel Chemicals (NYSE:ICL) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Israel Chemicals had a net margin of 9.04% and a return on equity of 14.03%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. Research analysts forecast that Israel Chemicals Ltd will post 0.41 earnings per share for the current 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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Institutional Ownership by Quarter for Israel Chemicals (NYSE:ICL)

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