ICF International (NASDAQ:ICFI) Sets New 12-Month Low – Here’s Why

ICF International, Inc. (NASDAQ:ICFI) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $114.19 and last traded at $116.19, with a volume of 30995 shares. The stock had previously closed at $117.23.

Analyst Ratings Changes

A number of research firms have recently commented on ICFI. D. Boral Capital restated an “outperform” rating and set a $174.00 price target on shares of ICF International in a research report on Monday, December 16th. StockNews.com cut ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Truist Financial cut their price objective on ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Finally, Sidoti raised shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.60.

ICF International Price Performance

The stock has a market capitalization of $2.18 billion, a PE ratio of 20.43 and a beta of 0.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $123.56 and a 200-day moving average price of $147.35.

Insiders Place Their Bets

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, for a total transaction of $55,352.00. Following the acquisition, the director now owns 5,803 shares in the company, valued at $803,019.14. The trade was a 7.40 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.39% of the stock is owned by insiders.

Hedge Funds Weigh In On ICF International

A number of large investors have recently added to or reduced their stakes in ICFI. Torray Investment Partners LLC grew its stake in shares of ICF International by 1.2% during the fourth quarter. Torray Investment Partners LLC now owns 13,100 shares of the business services provider’s stock valued at $1,562,000 after buying an additional 152 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in ICF International by 8.3% during the 4th 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. Rhumbline Advisers grew its position in ICF International by 17.0% during the 4th quarter. Rhumbline Advisers now owns 30,630 shares of the business services provider’s stock worth $3,651,000 after acquiring an additional 4,457 shares during the last quarter. Tributary Capital Management LLC increased its stake in ICF International by 10.9% in the 4th quarter. Tributary Capital Management LLC now owns 211,863 shares of the business services provider’s stock worth $25,256,000 after purchasing an additional 20,861 shares during the period. Finally, SG Americas Securities LLC lifted its position in ICF International by 44.4% in the fourth quarter. SG Americas Securities LLC now owns 1,103 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

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.