Clearbridge Investments LLC Sells 38,288 Shares of ICF International, Inc. (NASDAQ:ICFI)

Clearbridge Investments LLC lowered its stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 30.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,813 shares of the business services provider's stock after selling 38,288 shares during the period. Clearbridge Investments LLC owned about 0.46% of ICF International worth $10,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SG Americas Securities LLC boosted its position in ICF International by 44.4% during the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider's stock valued at $131,000 after purchasing an additional 339 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of ICF International in the 4th quarter valued at approximately $208,000. Millstone Evans Group LLC bought a new position in ICF International during the fourth quarter valued at approximately $447,000. Martingale Asset Management L P grew its position in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider's stock worth $567,000 after acquiring an additional 690 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of ICF International by 36.5% during the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider's stock valued at $603,000 after purchasing an additional 967 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

ICFI has been the topic of several recent research reports. Canaccord Genuity Group restated a "hold" rating and set a $100.00 target price (down from $200.00) on shares of ICF International in a report on Friday, February 28th. StockNews.com raised shares of ICF International from a "hold" rating to a "buy" rating in a research report on Saturday, March 29th. D. Boral Capital reaffirmed an "outperform" rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Finally, Barrington Research dropped their target price on shares of ICF International from $174.00 to $102.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $140.20.

ICF International Stock Performance

Shares of ICF International stock traded down $2.30 during midday trading on Monday, hitting $81.79. The company had a trading volume of 289,196 shares, compared to its average volume of 174,996. ICF International, Inc. has a 1-year low of $75.91 and a 1-year high of $179.67. The business's 50 day simple moving average is $96.44 and its two-hundred day simple moving average is $128.03. The stock has a market cap of $1.51 billion, a PE ratio of 14.37 and a beta of 0.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21.

ICF International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be given a $0.14 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.56 annualized dividend and a yield of 0.68%. ICF International's dividend payout ratio is 9.61%.

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.