Lord Abbett & CO. LLC Decreases Stock Holdings in ICF International, Inc. (NASDAQ:ICFI)

Lord Abbett & CO. LLC cut its holdings in ICF International, Inc. (NASDAQ:ICFI - Free Report) by 7.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,250 shares of the business services provider's stock after selling 18,265 shares during the period. Lord Abbett & CO. LLC owned approximately 1.19% of ICF International worth $37,236,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ICFI. Farther Finance Advisors LLC boosted its holdings in ICF International by 13.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider's stock valued at $84,000 after purchasing an additional 58 shares during the period. Chartwell Investment Partners LLC boosted its stake in shares of ICF International by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider's stock valued at $1,377,000 after buying an additional 67 shares during the period. Rhumbline Advisers increased its stake in ICF International by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 27,487 shares of the business services provider's stock worth $4,081,000 after acquiring an additional 247 shares during the period. Martingale Asset Management L P raised its holdings in ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock valued at $567,000 after acquiring an additional 690 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock valued at $603,000 after acquiring an additional 967 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

ICF International Stock Performance

ICFI stock traded down $1.62 during mid-day trading on Friday, hitting $125.28. The company had a trading volume of 250,692 shares, compared to its average volume of 115,288. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $2.35 billion, a PE ratio of 22.02 and a beta of 0.54. ICF International, Inc. has a 12 month low of $124.78 and a 12 month high of $179.67. The stock's fifty day moving average price is $154.41 and its two-hundred day moving average price is $152.62.

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

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, December 6th. ICF International's payout ratio is presently 9.84%.

Insider Activity at ICF International

In other ICF International news, Director Scott B. Salmirs purchased 400 shares of the firm's stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the purchase, the director now owns 5,803 shares of the company's stock, valued at $803,019.14. The trade was a 7.40 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO James C. M. Morgan sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the completion of the sale, the chief operating officer now directly owns 37,663 shares of the company's stock, valued at approximately $6,593,661.41. This trade represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,038 shares of company stock valued at $705,355. Corporate insiders own 1.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ICFI shares. Truist Financial reduced their price objective on shares of ICF International from $180.00 to $140.00 and set a "hold" rating on the stock in a research note on Friday, November 22nd. StockNews.com cut 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 price objective for the company in a research note on Tuesday, November 19th. Finally, Barrington Research restated an "outperform" rating and issued a $174.00 target price on shares of ICF International in a research note on Friday, September 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $167.25.

About ICF International

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.