Commonwealth Bank of Australia Trims Holdings in Israel Chemicals Ltd (NYSE:ICL)

Commonwealth Bank of Australia trimmed its stake in shares of Israel Chemicals Ltd (NYSE:ICL) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 306,767 shares of the basic materials company’s stock after selling 2,889 shares during the quarter. Commonwealth Bank of Australia’s holdings in Israel Chemicals were worth $1,616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Israel Chemicals in the fourth quarter valued at approximately $49,164,000. FMR LLC boosted its stake in shares of Israel Chemicals by 23.3% in the 4th quarter. FMR LLC now owns 5,184,711 shares of the basic materials company’s stock valued at $29,395,000 after purchasing an additional 979,159 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Israel Chemicals by 208.3% in the 4th quarter. Altshuler Shaham Ltd now owns 4,226,307 shares of the basic materials company’s stock valued at $23,905,000 after purchasing an additional 2,855,497 shares in the last quarter. Delek Group Ltd. boosted its stake in shares of Israel Chemicals by 2.8% in the 4th quarter. Delek Group Ltd. now owns 4,127,211 shares of the basic materials company’s stock valued at $24,016,000 after purchasing an additional 112,332 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Israel Chemicals by 77.6% in the 1st quarter. JPMorgan Chase & Co. now owns 1,965,114 shares of the basic materials company’s stock valued at $10,297,000 after purchasing an additional 858,761 shares in the last quarter. Hedge funds and other institutional investors own 8.30% of the company’s stock.

Several equities research analysts have recently commented on ICL shares. Stephens assumed coverage on shares of Israel Chemicals in a research note on Tuesday, March 12th. They issued an “overweight” rating on the stock. ValuEngine cut Israel Chemicals from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research cut Israel Chemicals from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $5.94.

Shares of Israel Chemicals stock opened at $5.08 on Wednesday. The company has a market cap of $6.78 billion, a PE ratio of 13.73, a P/E/G ratio of 1.29 and a beta of 0.83. The company has a current ratio of 1.43, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. Israel Chemicals Ltd has a 12-month low of $4.48 and a 12-month high of $6.90.

Israel Chemicals (NYSE:ICL) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. Israel Chemicals had a return on equity of 13.33% and a net margin of 8.10%. Israel Chemicals’s revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. As a group, equities analysts expect that Israel Chemicals Ltd will post 0.42 earnings per share for the current fiscal year.

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About Israel Chemicals

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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