Loomis Sayles & Co. L P Has $37.09 Million Stock Position in ICF International, Inc. (NASDAQ:ICFI)

Loomis Sayles & Co. L P reduced its position in ICF International, Inc. (NASDAQ:ICFI) by 11.3% during the third quarter, Holdings Channel.com reports. 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’s holdings in ICF International were worth $37,093,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Congress Asset Management Co. raised its holdings in ICF International by 10.7% during the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock worth $59,014,000 after buying an additional 34,299 shares during the last quarter. Tilia Fiduciary Partners Inc. bought a new stake in shares of ICF International during the third quarter worth about $2,364,000. Argent Capital Management LLC raised its holdings in shares of ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock worth $4,070,000 after acquiring an additional 2,542 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of ICF International in the 2nd quarter worth about $301,000. Finally, SG Americas Securities LLC lifted its position in ICF International by 730.3% in the 2nd quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock valued at $1,370,000 after acquiring an additional 8,114 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

ICFI has been the subject of several analyst reports. StockNews.com raised ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Sidoti upgraded ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Tuesday, November 19th. Barrington Research reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. 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. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $167.25.

Insiders Place Their Bets

In related news, EVP Anne F. Choate sold 1,368 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $165.00, for a total transaction of $225,720.00. Following the sale, the executive vice president now directly owns 3,417 shares in the company, valued at approximately $563,805. The trade was a 28.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Salmirs purchased 400 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were bought 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 approximately $803,019.14. This trade represents a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 6,823 shares of company stock worth $1,165,078 over the last quarter. 1.39% of the stock is currently owned by company insiders.

ICF International Stock Performance

Shares of ICFI stock opened at $135.52 on Tuesday. The firm’s 50-day simple moving average is $163.71 and its two-hundred day simple moving average is $153.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. ICF International, Inc. has a 52 week low of $128.28 and a 52 week high of $179.67. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 23.82 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last announced its quarterly earnings data on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.36. ICF International had a return on equity of 14.68% and a net margin of 5.38%. The business had revenue of $517.00 million during the quarter, compared to analyst estimates of $528.02 million. During the same period in the prior year, the company earned $1.81 earnings per share. ICF International’s revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that ICF International, Inc. will post 7.44 earnings per share for the current year.

ICF International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio (DPR) is presently 9.84%.

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.