ICF International, Inc. (ICFI) Stake Reduced by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. cut its stake in ICF International, Inc. (NASDAQ:ICFI) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,224 shares of the business services provider’s stock after selling 57 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.60% of ICF International worth $5,286,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ICFI. William Blair Investment Management LLC increased its position in ICF International by 10.4% in the second quarter. William Blair Investment Management LLC now owns 131,294 shares of the business services provider’s stock valued at $6,184,000 after buying an additional 12,371 shares during the last quarter. Bank of New York Mellon Corp increased its position in ICF International by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 173,892 shares of the business services provider’s stock valued at $8,190,000 after buying an additional 15,669 shares during the last quarter. SG Americas Securities LLC increased its position in ICF International by 89.1% in the second quarter. SG Americas Securities LLC now owns 8,579 shares of the business services provider’s stock valued at $404,000 after buying an additional 4,042 shares during the last quarter. First Mercantile Trust Co. increased its position in ICF International by 781.7% in the second quarter. First Mercantile Trust Co. now owns 5,290 shares of the business services provider’s stock valued at $249,000 after buying an additional 4,690 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in ICF International during the second quarter valued at $423,000. Institutional investors and hedge funds own 87.65% of the company’s stock.
ICF International, Inc. (ICFI) opened at 43.80 on Thursday. The company has a market capitalization of $820.55 million, a P/E ratio of 17.59 and a beta of 0.81. ICF International, Inc. has a 52-week low of $40.20 and a 52-week high of $59.55. The stock’s 50 day moving average price is $45.74 and its 200-day moving average price is $45.55.
ICF International (NASDAQ:ICFI) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. ICF International had a return on equity of 10.25% and a net margin of 4.02%. The firm had revenue of $306.39 million during the quarter, compared to the consensus estimate of $309.15 million. During the same period last year, the business posted $0.69 EPS. ICF International’s quarterly revenue was up .3% on a year-over-year basis. Analysts predict that ICF International, Inc. will post $2.99 earnings per share for the current fiscal year.
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Several research analysts have weighed in on the company. Zacks Investment Research downgraded ICF International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Noble Financial restated a “hold” rating on shares of ICF International in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded ICF International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.33.
In related news, COO John Wasson sold 12,461 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $47.50, for a total value of $591,897.50. Following the completion of the transaction, the chief operating officer now directly owns 65,995 shares of the company’s stock, valued at approximately $3,134,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.48% of the company’s stock.
About ICF International
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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