2,081 Shares in Charles River Associates $CRAI Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 2,081 shares of Charles River Associates, adding a position worth approximately $360,000 during the first quarter.
• Charles River Associates recently declared a quarterly dividend of $0.49, reflecting a 1.0% yield and a payout ratio of 23.73%.
• Analysts have updated their ratings on Charles River Associates, with one downgrading it from "buy" to "hold," while Barrington Research raised the price target from $224 to $228.

Quantbot Technologies LP acquired a new position in Charles River Associates (NASDAQ:CRAI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,081 shares of the business services provider's stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRAI. 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 buying an additional 250 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Charles River Associates in the fourth quarter worth approximately $249,000. GAMMA Investing LLC lifted its holdings in Charles River Associates by 28,517.4% during the first quarter. GAMMA Investing LLC now owns 6,582 shares of the business services provider's stock valued at $1,140,000 after purchasing an additional 6,559 shares in the last quarter. Rhumbline Advisers lifted its holdings in Charles River Associates by 1.6% during the first 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 in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Charles River Associates by 599.7% during the first quarter. SG Americas Securities LLC now owns 4,121 shares of the business services provider's stock valued at $714,000 after purchasing an additional 3,532 shares in the last quarter. Hedge funds and other institutional investors own 84.13% of the company's stock.

Insiders Place Their Bets

In related news, EVP Jonathan D. Yellin sold 1,750 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $187.43, for a total value of $328,002.50. Following the sale, the executive vice president owned 17,323 shares in the company, valued at approximately $3,246,849.89. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Charles River Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Barrington Research lifted their price target on shares of Charles River Associates from $224.00 to $228.00 and gave the company an "outperform" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $228.00.

Charles River Associates Price Performance

Charles River Associates stock opened at $196.12 on Wednesday. The stock has a market cap of $1.29 billion, a P/E ratio of 23.74, a PEG ratio of 1.52 and a beta of 0.91. Charles River Associates has a 1 year low of $152.57 and a 1 year high of $214.01. The firm's 50 day moving average price is $186.24 and its 200-day moving average price is $182.53.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.05. The firm had revenue of $186.88 million for the quarter, compared to analysts' expectations of $180.34 million. Charles River Associates had a net margin of 7.93% and a return on equity of 25.51%. Charles River Associates has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Charles River Associates will post 7.52 EPS for the current year.

Charles River Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, August 26th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, August 26th. Charles River Associates's payout ratio is currently 23.73%.

Charles River Associates Profile

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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