Loomis Sayles & Co. L P Lowers Position in ICF International, Inc. (NASDAQ:ICFI)

Loomis Sayles & Co. L P trimmed its position in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 11.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,391 shares of the business services provider's stock after selling 28,335 shares during the quarter. Loomis Sayles & Co. L P owned 1.19% of ICF International worth $37,093,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ICFI. Farther Finance Advisors LLC increased its stake in ICF International by 13.1% during 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 in the last quarter. Chartwell Investment Partners LLC increased its position in shares of ICF International by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider's stock worth $1,377,000 after acquiring an additional 67 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of ICF International by 0.9% in 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 last quarter. Torray Investment Partners LLC lifted its position in ICF International by 8.7% in the 2nd quarter. Torray Investment Partners LLC now owns 14,446 shares of the business services provider's stock valued at $2,145,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in ICF International by 1.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 106,541 shares of the business services provider's stock valued at $15,817,000 after purchasing an additional 1,367 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICFI has been the topic of a number of recent research reports. Barrington Research restated an "outperform" rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial cut their price objective on shares of ICF International from $180.00 to $140.00 and set a "hold" rating on the stock in a report on Friday. 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 report on Tuesday, November 19th. Finally, StockNews.com upgraded ICF International from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ICF International currently has an average rating of "Buy" and an average price target of $167.25.

Insiders Place Their Bets

In related news, Director Scott B. Salmirs purchased 400 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $138.38 per share, for a total transaction of $55,352.00. Following the completion of the transaction, the director now directly 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 filing with the SEC, which is available through this hyperlink. Also, EVP Anne F. Choate sold 1,368 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total transaction of $225,720.00. Following the completion of the transaction, the executive vice president now owns 3,417 shares of the company's stock, valued at $563,805. This trade represents a 28.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,823 shares of company stock worth $1,165,078 over the last 90 days. Corporate insiders own 1.39% of the company's stock.

ICF International Stock Performance

Shares of ICFI traded up $3.67 during mid-day trading on Tuesday, hitting $139.19. The stock had a trading volume of 266,485 shares, compared to its average volume of 110,559. ICF International, Inc. has a 52 week low of $128.28 and a 52 week high of $179.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average price of $163.71 and a 200-day moving average price of $153.82. The firm has a market cap of $2.61 billion, a P/E ratio of 24.46 and a beta of 0.61.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.36. The firm had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $1.81 earnings per share. On average, equities research analysts expect that ICF International, Inc. will post 7.44 EPS for the current year.

ICF International Dividend Announcement

The firm 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. The ex-dividend date is Friday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.40%. ICF International's payout ratio is 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.