Entropy Technologies LP Reduces Stock Holdings in ICF International, Inc. (NASDAQ:ICFI)

Entropy Technologies LP cut its holdings in ICF International, Inc. (NASDAQ:ICFI) by 29.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,681 shares of the business services provider’s stock after selling 700 shares during the period. Entropy Technologies LP’s holdings in ICF International were worth $280,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of ICF International by 13.1% in the third quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 58 shares in the last quarter. SG Americas Securities LLC acquired a new stake in ICF International during the 1st quarter valued at $167,000. Marshall Wace LLP purchased a new position in ICF International during the second quarter worth $301,000. AlphaMark Advisors LLC acquired a new position in shares of ICF International in the third quarter worth $342,000. Finally, Chartwell Investment Partners LLC lifted its position in shares of ICF International by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,255 shares of the business services provider’s stock valued at $1,377,000 after acquiring an additional 67 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ICFI has been the subject of several analyst reports. StockNews.com raised shares of ICF International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Barrington Research reissued an “outperform” rating and set a $174.00 price objective on shares of ICF International in a research note on Friday, September 20th. Finally, Truist Financial lifted their target price on shares of ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $174.67.

Insider Transactions at ICF International

In related news, EVP Anne F. Choate sold 1,368 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $165.00, for a total value of $225,720.00. Following the transaction, the executive vice president now owns 3,417 shares in the company, valued at approximately $563,805. This trade represents a 28.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO James C. M. Morgan sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $175.07, for a total transaction of $437,675.00. Following the sale, the chief operating officer now owns 37,663 shares of the company’s stock, valued at approximately $6,593,661.41. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,823 shares of company stock worth $1,165,078 in the last three months. 1.39% of the stock is currently owned by company insiders.

ICF International Trading Down 11.5 %

Shares of ICFI stock opened at $137.20 on Friday. The firm’s 50-day simple moving average is $167.28 and its 200-day simple moving average is $154.38. 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 1-year low of $128.28 and a 1-year high of $179.67. The firm has a market cap of $2.57 billion, a P/E ratio of 24.11 and a beta of 0.61.

ICF International (NASDAQ:ICFI) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.36. ICF International had a net margin of 5.38% and a return on equity of 14.68%. The company had revenue of $517.00 million for the quarter, compared to the consensus estimate of $528.02 million. During the same quarter last year, the firm posted $1.81 earnings per share. ICF International’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that ICF International, Inc. will post 7.45 EPS for the current year.

ICF International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.41%. ICF International’s dividend payout ratio is presently 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.