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

Loomis Sayles & Co. L P cut its stake in ICF International, Inc. (NASDAQ:ICFI) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,391 shares of the business services provider’s stock after selling 28,335 shares during the period. Loomis Sayles & Co. L P owned approximately 1.19% of ICF International worth $37,093,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ICFI. Congress Asset Management Co. raised its stake in ICF International by 10.7% in the third quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after purchasing an additional 34,299 shares in the last quarter. Tilia Fiduciary Partners Inc. bought a new stake in shares of ICF International during the 3rd quarter worth approximately $2,364,000. SG Americas Securities LLC lifted its holdings in shares of ICF International by 730.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock worth $1,370,000 after acquiring an additional 8,114 shares during the period. Argent Capital Management LLC boosted its position in shares of ICF International by 10.2% during 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 in the last quarter. Finally, Zions Bancorporation N.A. increased its stake in ICF International by 17.4% in the third quarter. Zions Bancorporation N.A. now owns 15,994 shares of the business services provider’s stock valued at $2,668,000 after acquiring an additional 2,368 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Truist Financial reduced their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $167.25.

Insider Transactions at ICF International

In other ICF International news, Director Scott B. Salmirs acquired 400 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $138.38 per share, with a total value of $55,352.00. Following the transaction, the director now owns 5,803 shares in the company, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO James C. M. Morgan sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $175.07, for a total value of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares in the company, valued at approximately $6,593,661.41. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,823 shares of company stock worth $1,165,078 over the last three months. 1.39% of the stock is owned by company insiders.

ICF International Trading Up 0.9 %

Shares of ICFI stock opened at $135.52 on Tuesday. The stock’s fifty day simple moving average is $163.71 and its 200 day simple moving average is $153.82. ICF International, Inc. has a twelve month low of $128.28 and a twelve month high of $179.67. The firm has a market capitalization of $2.54 billion, a P/E ratio of 23.82 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43.

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

ICF International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, December 6th. ICF International’s dividend payout ratio is currently 9.84%.

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.