ICF International (NASDAQ:ICFI) Hits New 52-Week Low - Here's What Happened

Shares of ICF International, Inc. (NASDAQ:ICFI - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $114.52 and last traded at $118.21, with a volume of 48778 shares changing hands. The stock had previously closed at $119.85.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ICFI. Sidoti upgraded 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. D. Boral Capital reissued an "outperform" rating and issued a $174.00 target price on shares of ICF International in a report on Monday, December 16th. StockNews.com downgraded ICF International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 27th. Finally, 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, ICF International has an average rating of "Moderate Buy" and a consensus target price of $168.60.

ICF International Stock Performance

The stock has a 50 day moving average of $125.26 and a two-hundred day moving average of $148.14. The stock has a market capitalization of $2.19 billion, a PE ratio of 20.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21.

Insider Transactions at ICF International

In related news, EVP Anne F. Choate sold 1,438 shares of ICF International stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 3,417 shares of the company's stock, valued at approximately $593,293.71. The trade was a 29.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott B. Salmirs bought 400 shares of the firm's stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now owns 5,803 shares of the company's stock, valued at $803,019.14. This represents a 7.40 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.39% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in ICF International by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 440,985 shares of the business services provider's stock valued at $73,566,000 after acquiring an additional 18,109 shares during the last quarter. Congress Asset Management Co. raised its position in shares of ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider's stock worth $59,014,000 after purchasing an additional 34,299 shares during the last quarter. Systematic Financial Management LP lifted its holdings 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 valued at $46,542,000 after purchasing an additional 2,484 shares in the last quarter. Tributary Capital Management LLC lifted its stake in shares of ICF International by 10.9% during the fourth quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider's stock valued at $25,256,000 after buying an additional 20,861 shares during the period. Finally, Pier Capital LLC acquired a new stake in shares of ICF International during the third quarter worth $6,579,000. Institutional investors and hedge funds own 94.12% of the company's stock.

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.