Shares of Charles River Associates (NASDAQ:CRAI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 217,367 shares were traded during mid-day trading, an increase of 281% from the previous session's volume of 57,069 shares.The stock last traded at $202.17 and had previously closed at $196.88.
Wall Street Analyst Weigh In
Several research firms have commented on CRAI. Barrington Research lifted their target price on shares of Charles River Associates from $224.00 to $228.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Wall Street Zen cut shares of Charles River Associates from a "buy" rating to a "hold" rating in a research report on Sunday.
Check Out Our Latest Stock Analysis on CRAI
Charles River Associates Trading Down 0.4%
The company's 50-day simple moving average is $188.71 and its 200 day simple moving average is $182.75. The stock has a market cap of $1.22 billion, a P/E ratio of 24.23, a PEG ratio of 1.41 and a beta of 0.91.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $1.93 by $0.29. The firm had revenue of $181.85 million for 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%. Research analysts anticipate that Charles River Associates will post 7.52 earnings per share for the current fiscal year.
Charles River Associates Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 27th were issued a $0.49 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.09%. Charles River Associates's dividend payout ratio (DPR) is presently 26.45%.
Insider Buying and Selling
In related news, CEO Paul A. Maleh sold 7,500 shares of Charles River Associates stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total value of $1,429,650.00. Following the sale, the chief executive officer owned 141,545 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,750 shares of Charles River Associates stock in a transaction that occurred on 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 sale, the executive vice president directly owned 19,073 shares in the company, valued at $3,594,497.58. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.70% of the company's stock.
Institutional Investors Weigh In On Charles River Associates
Several institutional investors have recently made changes to their positions in the stock. Summit Global Investments bought a new position in shares of Charles River Associates in the fourth quarter worth $656,000. KLP Kapitalforvaltning AS bought a new position in shares of Charles River Associates in the fourth quarter worth $281,000. Foundry Partners LLC boosted its holdings in shares of Charles River Associates by 56.0% in the fourth quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider's stock worth $5,450,000 after acquiring an additional 10,455 shares during the period. United Capital Financial Advisors LLC bought a new position in shares of Charles River Associates in the fourth quarter worth $9,389,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Charles River Associates by 6.7% in the fourth quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider's stock worth $745,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 84.13% of the company's stock.
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.
Featured Articles
Before you consider Charles River Associates, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charles River Associates wasn't on the list.
While Charles River Associates currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
