Key Points
- Insider sale: Charles River Associates EVP Jonathan Yellin sold 2,250 shares at an average price of $147.72, totaling about $332,370. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still holds 13,247 shares.
- Quarterly results: The company reported EPS of $1.99, which missed analysts’ estimate of $2.02, but revenue came in above expectations at $200.98 million. Charles River Associates also posted a 26.02% return on equity and 6.22% net margin.
- Dividend and analyst view: CRAI declared a quarterly dividend of $0.57 per share, or $2.28 annualized, for a 1.5% yield. Analysts currently rate the stock Moderate Buy with a consensus price target of $245.00.
Charles River Associates (NASDAQ:CRAI - Get Free Report) EVP Jonathan Yellin sold 2,250 shares of the business's stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $147.72, for a total transaction of $332,370.00. Following the sale, the executive vice president directly owned 13,247 shares in the company, valued at $1,956,846.84. The trade was a 14.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles River Associates Price Performance
Shares of CRAI stock opened at $148.01 on Thursday. The stock has a market capitalization of $956.59 million, a price-to-earnings ratio of 20.56, a PEG ratio of 1.07 and a beta of 0.75. Charles River Associates has a 1 year low of $132.17 and a 1 year high of $227.29. The company's fifty day simple moving average is $155.72 and its two-hundred day simple moving average is $177.31.
Charles River Associates (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $1.99 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.03). The firm had revenue of $200.98 million during the quarter, compared to the consensus estimate of $193.81 million. Charles River Associates had a return on equity of 26.02% and a net margin of 6.22%. Equities research analysts anticipate that Charles River Associates will post 8.48 EPS for the current year.
Charles River Associates Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Tuesday, May 26th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Charles River Associates's dividend payout ratio is presently 31.67%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in Charles River Associates in the first quarter worth $27,000. Entropy Technologies LP purchased a new position in Charles River Associates in the fourth quarter worth $401,000. Russell Investments Group Ltd. grew its position in Charles River Associates by 8.2% in the fourth quarter. Russell Investments Group Ltd. now owns 4,180 shares of the business services provider's stock worth $839,000 after acquiring an additional 318 shares in the last quarter. Arkadios Wealth Advisors grew its position in Charles River Associates by 3.1% in the fourth quarter. Arkadios Wealth Advisors now owns 4,388 shares of the business services provider's stock worth $881,000 after acquiring an additional 134 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Charles River Associates by 154.3% in the third quarter. New York State Common Retirement Fund now owns 5,995 shares of the business services provider's stock worth $1,250,000 after acquiring an additional 3,638 shares in the last quarter. 84.13% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on CRAI. Weiss Ratings cut shares of Charles River Associates from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, May 11th. Barrington Research reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Charles River Associates in a report on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $245.00.
Get Our Latest Research Report on Charles River Associates
Charles River Associates Company Profile
(
Get Free Report)
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.
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