Hilton Capital Management LLC Decreases Stock Holdings in ICF International, Inc. (NASDAQ:ICFI)

Hilton Capital Management LLC decreased its holdings in ICF International, Inc. (NASDAQ:ICFI) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,092 shares of the business services provider’s stock after selling 654 shares during the quarter. Hilton Capital Management LLC owned about 0.06% of ICF International worth $2,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation N.A. raised 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 worth $2,668,000 after buying an additional 2,368 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in ICF International by 0.8% during the 3rd 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 during the period. Farther Finance Advisors LLC lifted its holdings in shares of ICF International by 13.1% during 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 during the last quarter. Congress Asset Management Co. increased its position in ICF International by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after buying an additional 34,299 shares in the last quarter. Finally, Argent Capital Management LLC raised its position in shares of ICF International by 5.3% in the 3rd quarter. Argent Capital Management LLC now owns 28,880 shares of the business services provider’s stock worth $4,817,000 after purchasing an additional 1,462 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In other news, EVP Anne F. Choate sold 1,438 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $173.63, for a total value of $249,679.94. Following the completion of the sale, the executive vice president now owns 3,417 shares of the company’s stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott B. Salmirs purchased 400 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $138.38 per share, for a total transaction of $55,352.00. Following the purchase, the director now directly owns 5,803 shares of the company’s stock, valued at approximately $803,019.14. The trade was a 7.40 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 6,823 shares of company stock valued at $1,165,078. Company insiders own 1.39% of the company’s stock.

ICF International Price Performance

NASDAQ ICFI opened at $133.46 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. The business’s fifty day moving average is $166.17 and its 200 day moving average is $154.27. The company has a market capitalization of $2.50 billion, a PE ratio of 23.46 and a beta of 0.61. ICF International, Inc. has a fifty-two week low of $128.28 and a fifty-two week high of $179.67.

ICF International (NASDAQ:ICFI) last released its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $528.02 million. During the same period in the prior year, the firm posted $1.81 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts predict that ICF International, Inc. will post 7.45 earnings per share for the current year.

ICF International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, December 6th. ICF International’s payout ratio is 9.84%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ICFI. StockNews.com upgraded ICF International from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Sidoti upgraded 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. Barrington Research reissued an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Friday, September 20th. Finally, Truist Financial boosted their price target on ICF International from $155.00 to $180.00 and gave the company a “hold” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ICF International presently has an average rating of “Buy” and a consensus target price of $177.25.

About ICF International

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.