Wall Street Zen lowered shares of Charles River Associates (NASDAQ:CRAI - Free Report) from a buy rating to a hold rating in a research note released on Sunday.
Separately, Barrington Research boosted their price target on Charles River Associates from $224.00 to $228.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 21st.
Check Out Our Latest Analysis on CRAI
Charles River Associates Price Performance
CRAI traded down $9.00 during trading on Friday, reaching $180.32. 137,033 shares of the stock traded hands, compared to its average volume of 58,503. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. Charles River Associates has a fifty-two week low of $133.54 and a fifty-two week high of $214.01. The stock's 50-day simple moving average is $188.79 and its two-hundred day simple moving average is $182.81.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.93 by $0.29. Charles River Associates had a return on equity of 25.88% and a net margin of 7.31%. The company had revenue of $181.85 million during the quarter, compared to analysts' expectations of $176.63 million. Research analysts anticipate that Charles River Associates will post 7.52 earnings per share for the current fiscal year.
Charles River Associates Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 27th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.96 annualized dividend and a dividend yield of 1.09%. Charles River Associates's dividend payout ratio is presently 26.45%.
Insider Activity
In related news, EVP Jonathan D. Yellin sold 1,750 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $188.46, for a total transaction of $329,805.00. Following the completion of the transaction, the executive vice president owned 19,073 shares of the company's stock, valued at approximately $3,594,497.58. The trade was a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul A. Maleh sold 7,500 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $190.62, for a total value of $1,429,650.00. Following the transaction, the chief executive officer directly owned 141,545 shares of the company's stock, valued at $26,981,307.90. This represents a 5.03% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Charles River Associates
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Charles River Associates by 3.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider's stock valued at $640,000 after acquiring an additional 108 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Charles River Associates in the 1st quarter valued at approximately $27,000. Rhumbline Advisers grew its stake in shares of Charles River Associates by 1.6% in the 1st quarter. Rhumbline Advisers now owns 12,706 shares of the business services provider's stock valued at $2,201,000 after purchasing an additional 205 shares during the period. MetLife Investment Management LLC grew its stake in shares of Charles River Associates by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider's stock valued at $745,000 after purchasing an additional 250 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Charles River Associates by 10.7% in the 1st quarter. Russell Investments Group Ltd. now owns 5,190 shares of the business services provider's stock valued at $899,000 after purchasing an additional 501 shares during the period. 84.13% of the stock is currently owned by institutional investors.
About Charles River Associates
(
Get Free Report)
CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.
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