Earnest Partners LLC Decreased Icon Plc (ICLR) Position by $40.09 Million; Stock Rose

April 16, 2018 - By Hazel Jackson

ICON Public Limited Company (NASDAQ:ICLR) Logo

Earnest Partners Llc decreased its stake in Icon Plc (ICLR) by 13.62% based on its latest 2017Q4 regulatory filing with the SEC. Earnest Partners Llc sold 357,982 shares as the company’s stock rose 6.15% while stock markets declined. The institutional investor held 2.27 million shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $254.53M, down from 2.63M at the end of the previous reported quarter. Earnest Partners Llc who had been investing in Icon Plc for a number of months, seems to be less bullish one the $6.49 billion market cap company. The stock increased 0.13% or $0.15 during the last trading session, reaching $119.95. About 90,774 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 52.69% since April 16, 2017 and is uptrending. It has outperformed by 41.14% the S&P500.

Earnest Partners Llc, which manages about $24.92 billion and $10.44B US Long portfolio, upped its stake in Nice Ltd (NASDAQ:NICE) by 62,939 shares to 138,389 shares, valued at $12.72M in 2017Q4, according to the filing. It also increased its holding in United Bankshs (NASDAQ:UBSI) by 689,187 shares in the quarter, for a total of 2.16M shares, and has risen its stake in Sanmina Corp (NASDAQ:SANM).

Analysts await ICON Public Limited Company (NASDAQ:ICLR) to report earnings on April, 26. They expect $1.41 EPS, up 9.30 % or $0.12 from last year’s $1.29 per share. ICLR’s profit will be $76.25 million for 21.27 P/E if the $1.41 EPS becomes a reality. After $1.43 actual EPS reported by ICON Public Limited Company for the previous quarter, Wall Street now forecasts -1.40 % negative EPS growth.

ICON Public Limited Company (NASDAQ:ICLR) Ratings Coverage

Among 8 analysts covering Icon plc (NASDAQ:ICLR), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Icon plc had 15 analyst reports since October 26, 2017 according to SRatingsIntel. The rating was upgraded by Credit Suisse on Thursday, February 15 to “Buy”. The stock of ICON Public Limited Company (NASDAQ:ICLR) earned “In-Line” rating by Evercore on Tuesday, April 3. Jefferies maintained the shares of ICLR in report on Thursday, February 15 with “Buy” rating. The stock of ICON Public Limited Company (NASDAQ:ICLR) earned “Buy” rating by Robert W. Baird on Thursday, February 15. Jefferies maintained it with “Buy” rating and $145.0 target in Tuesday, January 9 report. SunTrust maintained it with “Buy” rating and $138.0 target in Monday, October 30 report. Robert W. Baird maintained the stock with “Buy” rating in Thursday, October 26 report. The rating was maintained by Mizuho on Wednesday, January 24 with “Hold”. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, October 27. KeyBanc Capital Markets maintained the shares of ICLR in report on Wednesday, January 10 with “Buy” rating.

ICON Public Limited Company (NASDAQ:ICLR) Ratings Chart

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