Insider Selling: Charles River Associates (NASDAQ:CRAI) EVP Sells 1,750 Shares of Stock

Charles River Associates (NASDAQ:CRAI) EVP Jonathan Yellin sold 1,750 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $174.38, for a total transaction of $305,165.00. Following the completion of the sale, the executive vice president directly owned 15,573 shares of the company’s stock, valued at approximately $2,715,619.74. The trade was a 10.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Charles River Associates Price Performance

Charles River Associates stock traded down $2.83 during midday trading on Monday, hitting $174.82. The company’s stock had a trading volume of 56,113 shares, compared to its average volume of 79,896. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 21.16, a PEG 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. The company has a 50-day moving average price of $189.32 and a two-hundred day moving average price of $188.51.

Charles River Associates (NASDAQ:CRAI) last announced its earnings results on Thursday, October 30th. The business services provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.26. Charles River Associates had a net margin of 7.93% and a return on equity of 25.51%. The firm had revenue of $185.89 million for the quarter, compared to analyst estimates of $179.42 million. Charles River Associates has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Charles River Associates will post 7.52 EPS for the current year.

Charles River Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.57 per share. This is a boost from Charles River Associates’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, November 25th. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. Charles River Associates’s dividend payout ratio is 27.40%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC bought a new stake in shares of Charles River Associates during the 1st quarter valued at approximately $628,000. CSM Advisors LLC bought a new position in Charles River Associates in the 2nd quarter valued at approximately $4,923,000. Quantbot Technologies LP acquired a new stake in Charles River Associates in the first quarter valued at approximately $360,000. Russell Investments Group Ltd. grew its stake in shares of Charles River Associates by 10.7% during the first quarter. Russell Investments Group Ltd. now owns 5,190 shares of the business services provider’s stock worth $899,000 after buying an additional 501 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Charles River Associates during the first quarter worth $329,000. Institutional investors own 84.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRAI. Weiss Ratings reiterated a “buy (b-)” rating on shares of Charles River Associates in a research report on Wednesday, October 8th. Wall Street Zen raised Charles River Associates from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Barrington Research reiterated an “outperform” rating and set a $239.00 price objective on shares of Charles River Associates in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $239.00.

Charles River Associates Company 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.