Icon Plc (ICLR) Market Value Rose While Earnest Partners LLC Decreased by $11.77 Million Its Holding

August 9, 2018 - By Robert Shackelford

ICON Public Limited Company (NASDAQ:ICLR) Logo

Earnest Partners Llc decreased its stake in Icon Plc (ICLR) by 4.39% based on its latest 2018Q1 regulatory filing with the SEC. Earnest Partners Llc sold 99,711 shares as the company’s stock rose 9.33% while stock markets declined. The institutional investor held 2.17M shares of the commercial physical & biological resarch company at the end of 2018Q1, valued at $256.34 million, down from 2.27M 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 $7.85B market cap company. The stock decreased 0.67% or $0.97 during the last trading session, reaching $144.49. About 171,889 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 38.08% since August 9, 2017 and is uptrending. It has outperformed by 25.51% the S&P500.

Earnest Partners Llc, which manages about $24.92B and $10.57B US Long portfolio, upped its stake in Pdc Energy Inc (NASDAQ:PDCE) by 101,931 shares to 1.45 million shares, valued at $70.88 million in 2018Q1, according to the filing. It also increased its holding in Energen Corp (NYSE:EGN) by 95,717 shares in the quarter, for a total of 95,801 shares, and has risen its stake in Heartland Finl (NASDAQ:HTLF).

Analysts await ICON Public Limited Company (NASDAQ:ICLR) to report earnings on October, 25. They expect $1.54 EPS, up 14.07 % or $0.19 from last year’s $1.35 per share. ICLR’s profit will be $83.67 million for 23.46 P/E if the $1.54 EPS becomes a reality. After $1.51 actual EPS reported by ICON Public Limited Company for the previous quarter, Wall Street now forecasts 1.99 % EPS growth.

ICON Public Limited Company (NASDAQ:ICLR) Ratings Coverage

Among 6 analysts covering Icon plc (NASDAQ:ICLR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Icon plc has $152 highest and $114.0 lowest target. $135.50’s average target is -6.22% below currents $144.49 stock price. Icon plc had 7 analyst reports since February 15, 2018 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Monday, June 18. The firm earned “In-Line” rating on Tuesday, April 3 by Evercore. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, June 19 report. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Hold” rating given on Thursday, February 15 by Mizuho. Jefferies maintained it with “Buy” rating and $141.0 target in Thursday, February 15 report. The firm has “Buy” rating given on Thursday, February 15 by Robert W. Baird. As per Thursday, February 15, the company rating was upgraded by Credit Suisse.

ICON Public Limited Company (NASDAQ:ICLR) Ratings Chart

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