Millstone Evans Group LLC Takes Position in ICF International, Inc. (NASDAQ:ICFI)

Millstone Evans Group LLC purchased a new stake in shares of ICF International, Inc. (NASDAQ:ICFI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,752 shares of the business services provider’s stock, valued at approximately $447,000.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of 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 acquiring an additional 339 shares during the period. Cibc World Markets Corp acquired a new stake in shares of ICF International during the fourth quarter valued at approximately $208,000. Martingale Asset Management L P raised its holdings in shares of ICF International by 25.5% during the third 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 during the period. Captrust Financial Advisors raised its holdings in shares of ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 967 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of ICF International by 8.3% during the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock valued at $623,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

ICF International Stock Performance

ICFI stock opened at $84.04 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.77 and a beta of 0.56. ICF International, Inc. has a 12 month low of $75.91 and a 12 month high of $179.67. The firm has a 50 day moving average of $106.08 and a two-hundred day moving average of $134.61.

ICF International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Friday, March 28th. ICF International’s dividend payout ratio is 9.61%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ICFI. Canaccord Genuity Group reaffirmed a “hold” rating and set a $100.00 price objective (down from $200.00) on shares of ICF International in a research report on Friday, February 28th. D. Boral Capital reaffirmed an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research report on Monday, December 16th. StockNews.com downgraded shares of ICF International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Truist Financial lowered their price objective 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. Finally, Barrington Research lowered 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 report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $140.20.

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.