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

Millstone Evans Group LLC bought a new stake in shares of ICF International, Inc. (NASDAQ:ICFI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,752 shares of the business services provider’s stock, valued at approximately $447,000.

Several other hedge funds have also recently added to or reduced their stakes in ICFI. Torray Investment Partners LLC lifted its position in shares of ICF International by 1.2% in the 4th quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider’s stock worth $1,562,000 after acquiring an additional 152 shares during the period. SG Americas Securities LLC lifted its position in shares of ICF International by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock worth $131,000 after acquiring an additional 339 shares during the period. Handelsbanken Fonder AB lifted its position in shares of ICF International by 8.3% in the 4th quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock worth $623,000 after acquiring an additional 400 shares during the period. Martingale Asset Management L P lifted its position in shares of ICF International by 25.5% in the 3rd quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock worth $567,000 after acquiring an additional 690 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of ICF International by 36.5% in the 3rd quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after acquiring an additional 967 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

ICFI has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price objective (down previously from $200.00) on shares of ICF International in a research report on Friday, February 28th. Truist Financial reduced their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. D. Boral Capital restated an “outperform” rating and set a $174.00 target price on shares of ICF International in a research report on Monday, December 16th. Barrington Research cut their target price on ICF International from $174.00 to $102.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com downgraded ICF International from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, ICF International currently has an average rating of “Moderate Buy” and a consensus target price of $140.20.

ICF International Price Performance

ICF International stock opened at $84.04 on Friday. 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 company has a market capitalization of $1.55 billion, a PE ratio of 14.77 and a beta of 0.56. ICF International, Inc. has a one year low of $75.91 and a one year high of $179.67. The business has a 50 day simple moving average of $106.08 and a 200 day simple moving average of $134.61.

ICF International Announces Dividend

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