Key Points
- Insider sale: EVP Jonathan Yellin sold 1,750 shares on November 20 at an average price of $174.38 for $305,165, trimming his position by 10.1% to 15,573 shares (about $2.72M); the trade was reported on an SEC Form 4.
- Dividend increase: Charles River Associates raised its quarterly dividend to $0.57 (from $0.49), with an ex-dividend/record date of November 25 and payment on December 12, equal to an annualized $2.28 and a ~1.3% yield.
- Earnings and analyst outlook: CRAI beat Q3 estimates (EPS $2.06 vs. $1.80; revenue $185.9M vs. $179.4M) and carries a consensus "Buy" rating with a $239 price target from analysts.
Charles River Associates (NASDAQ:CRAI - Get Free Report) EVP Jonathan Yellin sold 1,750 shares of the company's stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $174.38, for a total transaction of $305,165.00. Following the transaction, the executive vice president owned 15,573 shares in the company, valued at approximately $2,715,619.74. The trade was a 10.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Charles River Associates Price Performance
Shares of NASDAQ CRAI opened at $174.82 on Tuesday. The company has a 50-day moving average price of $188.75 and a 200-day moving average price of $188.44. The stock has a market capitalization of $1.15 billion, a P/E ratio of 21.16, a P/E/G ratio of 1.39 and a beta of 0.92. Charles River Associates has a 1 year low of $152.57 and a 1 year high of $214.66.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.26. The business had revenue of $185.89 million for the quarter, compared to analysts' expectations of $179.42 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 research analysts anticipate that Charles River Associates will post 7.52 earnings per share for the current fiscal year.
Charles River Associates Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Tuesday, November 25th will be issued a $0.57 dividend. This is a boost from Charles River Associates's previous quarterly dividend of $0.49. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, November 25th. Charles River Associates's dividend payout ratio is 27.40%.
Institutional Investors Weigh In On Charles River Associates
Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in Charles River Associates in the first quarter worth about $27,000. Dearborn Partners LLC increased its stake in shares of Charles River Associates by 3.3% during the 2nd quarter. Dearborn Partners LLC now owns 5,033 shares of the business services provider's stock worth $943,000 after purchasing an additional 163 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Charles River Associates by 4.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,253 shares of the business services provider's stock worth $797,000 after purchasing an additional 180 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Charles River Associates by 2.6% in the 3rd quarter. Quantbot Technologies LP now owns 7,675 shares of the business services provider's stock worth $1,600,000 after purchasing an additional 193 shares during the period. Finally, Rhumbline Advisers lifted its stake in Charles River Associates by 1.6% in 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 during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Barrington Research reiterated an "outperform" rating and set a $239.00 price target on shares of Charles River Associates in a report on Monday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Charles River Associates in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Charles River Associates from a "hold" rating to a "buy" rating in a research report on Saturday, November 1st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $239.00.
Get Our Latest Stock Report on Charles River Associates
About Charles River Associates
(
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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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