Charles River Associates (NASDAQ:CRAI - Get Free Report) shares saw an uptick in trading volume on Wednesday . 150,394 shares changed hands during mid-day trading, an increase of 212% from the previous session's volume of 48,153 shares.The stock last traded at $183.85 and had previously closed at $183.39.
Analyst Ratings Changes
Separately, Barrington Research increased their price objective on shares of Charles River Associates from $224.00 to $228.00 and gave the stock an "outperform" rating in a report on Wednesday, May 21st.
View Our Latest Report on CRAI
Charles River Associates Price Performance
The company has a market cap of $1.24 billion, a PE ratio of 24.56, a P/E/G ratio of 1.43 and a beta of 0.93. The company has a 50-day moving average price of $178.75 and a two-hundred day moving average price of $182.74.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.29. The company had revenue of $181.85 million during the quarter, compared to analysts' expectations of $176.63 million. Charles River Associates had a net margin of 7.31% and a return on equity of 25.88%. On average, equities research analysts anticipate that Charles River Associates will post 7.52 earnings per share for the current year.
Charles River Associates Dividend Announcement
The company also recently declared 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. This represents a $1.96 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, May 27th. Charles River Associates's dividend payout ratio is currently 26.45%.
Insiders Place Their Bets
In related news, CEO Paul A. Maleh sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $190.62, for a total transaction of $1,429,650.00. Following the completion of the transaction, the chief executive officer now owns 141,545 shares in the company, valued at $26,981,307.90. The trade was a 5.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $188.46, for a total value of $329,805.00. Following the completion of the sale, the executive vice president now directly owns 19,073 shares in the company, valued at $3,594,497.58. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Charles River Associates
Several large investors have recently made changes to their positions in CRAI. Jones Financial Companies Lllp acquired a new stake in Charles River Associates in the 1st quarter valued at approximately $27,000. Ameriprise Financial Inc. acquired a new position in shares of Charles River Associates during the fourth quarter valued at $249,000. KLP Kapitalforvaltning AS bought a new stake in shares of Charles River Associates during the fourth quarter valued at about $281,000. Strs Ohio acquired a new stake in Charles River Associates in the first quarter worth about $329,000. Finally, Quantbot Technologies LP bought a new position in Charles River Associates in the 1st quarter valued at about $360,000. Institutional investors and hedge funds own 84.13% of the company's stock.
Charles River Associates Company Profile
(
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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