Charles River Associates (NASDAQ:CRAI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 217,367 shares were traded during 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.
Analysts Set New Price Targets
A number of research analysts have recently commented on CRAI shares. Barrington Research increased their price objective on Charles River Associates from $224.00 to $228.00 and gave the company an "outperform" rating in a report on Wednesday, May 21st. Wall Street Zen lowered shares of Charles River Associates from a "buy" rating to a "hold" rating in a report on Sunday.
Check Out Our Latest Report on Charles River Associates
Charles River Associates Trading Down 1.5%
The stock's 50 day moving average is $187.86 and its two-hundred day moving average is $182.65. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.54 and a beta of 0.91.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.29. Charles River Associates had a net margin of 7.31% and a return on equity of 25.88%. The business had revenue of $181.85 million during the quarter, compared to the consensus estimate of $176.63 million. On average, research analysts anticipate that Charles River Associates will post 7.52 earnings per share for the current year.
Charles River Associates Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th were given a $0.49 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.96 dividend on an annualized basis and a yield of 0.98%. Charles River Associates's dividend payout ratio is currently 26.45%.
Insider Buying and Selling
In related news, EVP Jonathan D. Yellin sold 1,750 shares of Charles River Associates stock in a transaction on Monday, May 12th. The shares were 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 $3,594,497.58. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of Charles River Associates stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total transaction of $1,429,650.00. Following the completion of the sale, the chief executive officer directly owned 141,545 shares of the company's stock, valued at approximately $26,981,307.90. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.
Institutional Trading of Charles River Associates
Several hedge funds and other institutional investors have recently modified their holdings of CRAI. Jones Financial Companies Lllp purchased a new stake in shares of Charles River Associates in the 1st quarter valued at $27,000. Ameriprise Financial Inc. bought a new stake in Charles River Associates during the 4th quarter valued at about $249,000. KLP Kapitalforvaltning AS bought a new stake in Charles River Associates during the 4th quarter valued at about $281,000. Strs Ohio bought a new stake in Charles River Associates during the first quarter valued at approximately $329,000. Finally, Quantbot Technologies LP bought a new stake in Charles River Associates during the first quarter valued at approximately $360,000. Institutional investors 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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