ICF International, Inc. (NASDAQ:ICFI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in ICF International, Inc. (NASDAQ:ICFI) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,453 shares of the business services provider’s stock after selling 3,911 shares during the period. Bank of New York Mellon Corp owned 0.44% of ICF International worth $9,829,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in 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 worth $131,000 after purchasing an additional 339 shares in the last quarter. Martingale Asset Management L P lifted its stake in 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 worth $567,000 after purchasing an additional 690 shares in the last quarter. Captrust Financial Advisors lifted its stake in ICF International by 36.5% during the third 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 in the last quarter. Handelsbanken Fonder AB lifted its stake in ICF International by 8.3% during the fourth quarter. Handelsbanken Fonder AB now owns 5,222 shares of the business services provider’s stock worth $623,000 after purchasing an additional 400 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in ICF International during the third quarter worth $734,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ICFI. 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. StockNews.com cut ICF International from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 price objective (down from $200.00) on shares of ICF International in a research note on Friday, February 28th. 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, November 22nd. Finally, D. Boral Capital reiterated an “outperform” rating and issued a $174.00 price objective on shares of ICF International in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, ICF International currently has a consensus rating of “Moderate Buy” and an average target price of $140.20.

ICF International Stock Performance

NASDAQ:ICFI opened at $85.86 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of 15.09 and a beta of 0.56. The business’s fifty day moving average price is $109.20 and its 200 day moving average price is $137.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International, Inc. has a 12 month low of $75.91 and a 12 month high of $179.67.

ICF International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.14 per share. 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 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.