Lord Abbett & CO. LLC Sells 18,265 Shares of ICF International, Inc. (NASDAQ:ICFI)

Lord Abbett & CO. LLC lessened its position in ICF International, Inc. (NASDAQ:ICFI) by 7.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 223,250 shares of the business services provider’s stock after selling 18,265 shares during the period. Lord Abbett & CO. LLC’s holdings in ICF International were worth $37,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICFI. Geode Capital Management LLC grew its position in shares of ICF International by 4.3% in the third quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider’s stock valued at $73,566,000 after purchasing an additional 18,109 shares during the last quarter. Congress Asset Management Co. grew its holdings in ICF International by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after buying an additional 34,299 shares during the last quarter. Systematic Financial Management LP increased its position in ICF International by 0.9% in the 3rd quarter. Systematic Financial Management LP now owns 279,048 shares of the business services provider’s stock worth $46,542,000 after buying an additional 2,484 shares during the period. Peregrine Capital Management LLC lifted its holdings in shares of ICF International by 1.3% during the second quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider’s stock worth $15,817,000 after buying an additional 1,367 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of ICF International by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 99,542 shares of the business services provider’s stock valued at $14,778,000 after acquiring an additional 2,173 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Activity at ICF International

In other news, Director Scott B. Salmirs acquired 400 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $138.38 per share, with a total value of $55,352.00. Following the completion of the acquisition, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. This represents a 7.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total transaction of $249,679.94. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company’s stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,038 shares of company stock valued at $705,355 in the last 90 days. 1.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ICFI has been the topic of a number of research reports. Truist Financial dropped their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Tuesday, November 19th. Finally, Barrington Research restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research note on Friday, September 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, ICF International currently has an average rating of “Moderate Buy” and an average target price of $167.25.

ICF International Trading Down 1.3 %

Shares of ICFI stock opened at $125.28 on Friday. The firm has a fifty day moving average of $154.41 and a 200-day moving average of $152.52. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 22.02 and a beta of 0.54. ICF International, Inc. has a 52-week low of $124.78 and a 52-week high of $179.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

ICF International (NASDAQ:ICFI) last posted its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.36. The business had revenue of $517.00 million for the quarter, compared to analysts’ expectations of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 earnings per share. On average, equities research analysts forecast that ICF International, Inc. will post 7.35 earnings per share for the current fiscal year.

ICF International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.45%. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

ICF International Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.