Israel Chemicals Ltd (NYSE:ICL) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 804,300 shares, a decrease of 41.3% from the July 31st total of 1,370,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 162,000 shares, the short-interest ratio is currently 5.0 days.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 518,451 shares during the period. Invesco Ltd. boosted its stake in Israel Chemicals by 0.6% during the 2nd quarter. Invesco Ltd. now owns 3,625,463 shares of the basic materials company’s stock worth $18,852,000 after purchasing an additional 20,846 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in 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 purchasing an additional 1,398,864 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 purchasing an additional 507,268 shares during the period. Finally, Swiss National Bank boosted its stake in Israel Chemicals by 0.6% during the 1st quarter. Swiss National Bank now owns 2,571,372 shares of the basic materials company’s stock worth $13,377,000 after purchasing an additional 15,463 shares during the period. Hedge funds and other institutional investors own 7.12% of the company’s stock.
Shares of Israel Chemicals stock traded up $0.04 during trading hours on Friday, hitting $4.84. The company had a trading volume of 241,700 shares, compared to its average volume of 165,894. The company’s 50-day moving average is $4.94 and its two-hundred day moving average is $5.20. Israel Chemicals has a twelve month low of $4.43 and a twelve month high of $6.90. 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 company has a market cap of $6.27 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88.
ICL has been the subject of several research analyst reports. ValuEngine cut shares of Israel Chemicals from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Zacks Investment Research upgraded shares of Israel Chemicals from a “hold” rating to a “strong-buy” rating and set a $6.00 target price for the company in a report on Friday, June 7th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Israel Chemicals currently has an average rating of “Buy” and an average price target of $5.94.
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.
Recommended Story: Understanding Stock Ratings
Receive News & Ratings for Israel Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Israel Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.