Clearbridge Investments LLC Lowers Stake in ICF International, Inc. (NASDAQ:ICFI)

Clearbridge Investments LLC trimmed its position in ICF International, Inc. (NASDAQ:ICFI) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,813 shares of the business services provider’s stock after selling 38,288 shares during the quarter. Clearbridge Investments LLC’s holdings in ICF International were worth $10,230,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. D. Boral Capital reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a research note on Monday, December 16th. Barrington Research dropped their price objective on shares of ICF International from $174.00 to $102.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. StockNews.com upgraded shares of ICF International from a “hold” rating to a “buy” rating in a research note on Saturday, March 29th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price target (down previously from $200.00) on shares of ICF International in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

ICF International Stock Up 2.2 %

Shares of NASDAQ:ICFI opened at $86.27 on Thursday. The firm has a market cap of $1.59 billion, a PE ratio of 15.16 and a beta of 0.56. The company has a fifty day simple moving average of $98.95 and a 200 day simple moving average of $130.04. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. ICF International, Inc. has a 12-month low of $75.91 and a 12-month high of $179.67.

ICF International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Friday, March 28th. ICF International’s payout ratio is currently 9.61%.

ICF International Company 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.