Third Avenue Management LLC Purchases 2,836 Shares of ICF International, Inc. $ICFI

Key Points

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Third Avenue Management LLC raised its stake in shares of ICF International, Inc. (NASDAQ:ICFI - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 47,024 shares of the business services provider's stock after purchasing an additional 2,836 shares during the period. Third Avenue Management LLC owned 0.26% of ICF International worth $3,996,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ICFI. Quantbot Technologies LP boosted its stake in shares of ICF International by 25.7% in the first quarter. Quantbot Technologies LP now owns 35,592 shares of the business services provider's stock worth $3,024,000 after acquiring an additional 7,282 shares during the period. Entropy Technologies LP bought a new position in shares of ICF International in the first quarter worth about $661,000. Zions Bancorporation National Association UT bought a new position in shares of ICF International in the first quarter worth about $1,671,000. Tributary Capital Management LLC boosted its stake in shares of ICF International by 5.1% in the first quarter. Tributary Capital Management LLC now owns 222,711 shares of the business services provider's stock worth $18,924,000 after acquiring an additional 10,848 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of ICF International by 1,156.9% in the first quarter. SG Americas Securities LLC now owns 13,864 shares of the business services provider's stock worth $1,178,000 after acquiring an additional 12,761 shares during the period. Institutional investors own 94.12% of the company's stock.

Insider Activity at ICF International

In other news, Director Randall Mehl acquired 2,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average price of $84.40 per share, with a total value of $168,800.00. Following the completion of the purchase, the director directly owned 17,754 shares in the company, valued at $1,498,437.60. This trade represents a 12.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott B. Salmirs acquired 1,250 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $83.98 per share, for a total transaction of $104,975.00. Following the purchase, the director owned 7,653 shares of the company's stock, valued at $642,698.94. This represents a 19.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ICFI shares. Barrington Research upped their price objective on ICF International from $102.00 to $107.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Wall Street Zen lowered ICF International from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group dropped their price objective on ICF International from $100.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, ICF International currently has an average rating of "Moderate Buy" and a consensus target price of $128.20.

ICF International Trading Up 2.1%

ICFI stock traded up $2.04 during midday trading on Friday, reaching $100.14. 138,863 shares of the company traded hands, compared to its average volume of 228,830. ICF International, Inc. has a 52-week low of $75.91 and a 52-week high of $179.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50 day moving average of $88.73 and a 200-day moving average of $88.35. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 17.42 and a beta of 0.49.

ICF International (NASDAQ:ICFI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.03. ICF International had a return on equity of 14.50% and a net margin of 5.45%.The business had revenue of $476.16 million for the quarter, compared to the consensus estimate of $482.84 million. During the same period in the prior year, the business posted $1.69 earnings per share. The company's quarterly revenue was down 7.2% compared to the same quarter last year. ICF International has set its FY 2025 guidance at 7.450-7.450 EPS. As a group, sell-side analysts expect that ICF International, Inc. will post 7.44 earnings per share for the current fiscal year.

ICF International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, September 5th. ICF International's dividend payout ratio is presently 9.74%.

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.