Israel Chemicals Shs (NYSE:ICL) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 10,138,851 shares, a decrease of 1.4% from the July 14th total of 10,287,809 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 193,629 shares, the days-to-cover ratio is presently 52.4 days.
Israel Chemicals Shs (NYSE:ICL) opened at 4.36 on Friday. The company’s 50-day moving average price is $4.65 and its 200 day moving average price is $4.43. Israel Chemicals Shs has a 1-year low of $3.52 and a 1-year high of $4.95. The firm’s market cap is $5.56 billion.
Israel Chemicals Shs (NYSE:ICL) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Israel Chemicals Shs had a positive return on equity of 13.55% and a negative net margin of 3.43%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities analysts expect that Israel Chemicals Shs will post $0.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.0245 per share. This represents a $0.10 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, August 29th. Israel Chemicals Shs’s payout ratio is -66.66%.
A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Israel Chemicals Shs by 44.8% in the first quarter. Wellington Management Group LLP now owns 23,830 shares of the basic materials company’s stock valued at $101,000 after buying an additional 7,370 shares during the last quarter. KCG Holdings Inc. acquired a new position in Israel Chemicals Shs during the first quarter valued at approximately $102,000. Russell Investments Group Ltd. increased its position in Israel Chemicals Shs by 80.1% in the second quarter. Russell Investments Group Ltd. now owns 40,566 shares of the basic materials company’s stock valued at $189,000 after buying an additional 18,041 shares during the last quarter. World Asset Management Inc acquired a new position in Israel Chemicals Shs during the second quarter valued at approximately $355,000. Finally, Comerica Bank increased its position in Israel Chemicals Shs by 514.0% in the second quarter. Comerica Bank now owns 82,311 shares of the basic materials company’s stock valued at $387,000 after buying an additional 68,906 shares during the last quarter. 5.95% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on ICL shares. Zacks Investment Research cut Israel Chemicals Shs from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub cut Israel Chemicals Shs from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and set a $5.25 price target (up from $4.75) on shares of Israel Chemicals Shs in a report on Friday, July 14th. Finally, ValuEngine cut Israel Chemicals Shs from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.67.
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.
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