Weber Capital Management LLC ADV Acquires New Shares in Charles River Associates $CRAI

Weber Capital Management LLC ADV bought a new position in Charles River Associates (NASDAQ:CRAI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 37,606 shares of the business services provider's stock, valued at approximately $5,351,334. Charles River Associates accounts for 0.0% of Weber Capital Management LLC ADV's investment portfolio, making the stock its 6th biggest position. Weber Capital Management LLC ADV owned about 0.60% of Charles River Associates at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Charles River Associates by 86.6% during the first quarter. SG Americas Securities LLC now owns 105,339 shares of the business services provider's stock worth $17,052,000 after purchasing an additional 48,892 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Charles River Associates during the second quarter worth $69,054,000. Rice Hall James & Associates LLC bought a new position in Charles River Associates during the 2nd quarter valued at $11,066,000. California State Teachers Retirement System raised its holdings in shares of Charles River Associates by 47.4% during the 1st quarter. California State Teachers Retirement System now owns 9,187 shares of the business services provider's stock valued at $1,487,000 after purchasing an additional 2,953 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Charles River Associates during the 2nd quarter valued at about $623,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Charles River Associates in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $245.00.

Insider Buying and Selling

In related news, EVP Jonathan D. Yellin sold 2,250 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $173.25, for a total transaction of $389,812.50. Following the completion of the sale, the executive vice president directly owned 11,153 shares of the company's stock, valued at approximately $1,932,257.25. This represents a 16.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.50% of the company's stock.

Charles River Associates News Roundup

Here are the key news stories impacting Charles River Associates this week:

• Positive Sentiment: Dividend supports shareholder returns: Charles River Associates declared a quarterly dividend of $0.57 per share, or $2.28 annualized, representing a yield of approximately 1.3% and a payout ratio near 30%. The dividend is scheduled for payment September 14. Charles River Associates stock information
• Positive Sentiment: Longer-term earnings outlook remains constructive: Zacks Research raised its FY2026 EPS estimate to $8.32 from $8.28 and its FY2027 forecast to $9.01 from $8.99. It also lifted estimates for Q2 2027, Q3 2027 and Q2 2028, including a sizable increase for Q3 2027 to $2.26 from $2.00. Zacks earnings estimate revisions
• Positive Sentiment: Recent operating performance exceeded expectations: CRAI’s latest quarterly results included EPS of $2.16, slightly above the $2.15 consensus, while revenue of approximately $210.8 million surpassed estimates of $198.9 million. Analysts currently expect about $8.43 in full-year EPS.
• Neutral Sentiment: Insider sale was pre-planned: EVP Jonathan Yellin sold 2,250 shares for approximately $389,813, reducing his holdings by 16.79%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, it may carry less negative significance than a discretionary sale. He still owns 11,153 shares. Jonathan Yellin insider sale
• Neutral Sentiment: Analyst sentiment is mixed but leans positive: CRAI has a “Moderate Buy” consensus and a reported average price target of $245, while Weiss Ratings maintains a “Hold” rating. Institutional investors own approximately 84% of the shares.
• Negative Sentiment: Several near-term estimates were reduced: Zacks cut forecasts for Q3 and Q4 2026, Q1 and Q4 2027, and Q1 2028. The largest reductions were Q1 2027, lowered to $2.25 from $2.44, and Q4 2027, lowered to $2.16 from $2.24. These cuts could limit upside if investors focus on upcoming earnings.

Charles River Associates Stock Performance

CRAI stock traded up $2.30 during midday trading on Friday, reaching $174.80. The company's stock had a trading volume of 61,324 shares, compared to its average volume of 161,862. The stock has a fifty day simple moving average of $164.72 and a two-hundred day simple moving average of $159.28. Charles River Associates has a 1 year low of $132.17 and a 1 year high of $227.29. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.27 and a beta of 0.66.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.01. Charles River Associates had a net margin of 6.20% and a return on equity of 27.31%. The business had revenue of $210.81 million during the quarter, compared to the consensus estimate of $198.91 million. As a group, analysts forecast that Charles River Associates will post 8.43 EPS for the current fiscal year.

Charles River Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. Charles River Associates's payout ratio is currently 30.36%.

Charles River Associates Company Profile

Charles River Associates NASDAQ: CRAI is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients' needs.

The firm's service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source