Peregrine Capital Management LLC Sells 24,058 Shares of ICF International, Inc. (NASDAQ:ICFI)

Peregrine Capital Management LLC cut its stake in shares of ICF International, Inc. (NASDAQ:ICFI) by 22.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,912 shares of the business services provider’s stock after selling 24,058 shares during the period. Peregrine Capital Management LLC owned approximately 0.44% of ICF International worth $9,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ICFI. Farther Finance Advisors LLC grew its position in shares of ICF International by 13.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 502 shares of the business services provider’s stock worth $84,000 after buying an additional 58 shares during the period. SG Americas Securities LLC grew its holdings in ICF International by 44.4% during 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 period. Martingale Asset Management L P increased its stake in ICF International by 25.5% in the third quarter. Martingale Asset Management L P now owns 3,399 shares of the business services provider’s stock valued at $567,000 after purchasing an additional 690 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of ICF International by 36.5% during the third quarter. Captrust Financial Advisors now owns 3,617 shares of the business services provider’s stock worth $603,000 after purchasing an additional 967 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of ICF International in the 3rd quarter valued at $734,000. Institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

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

ICF International Stock Down 1.9 %

NASDAQ:ICFI opened at $107.77 on Tuesday. The stock has a 50-day simple moving average of $120.81 and a 200 day simple moving average of $145.97. ICF International, Inc. has a 52-week low of $106.02 and a 52-week high of $179.67. The company has a market cap of $2.02 billion, a PE ratio of 18.94 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21.

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.