Strs Ohio Makes New $329,000 Investment in Charles River Associates $CRAI

Strs Ohio purchased a new stake in shares of Charles River Associates (NASDAQ:CRAI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,900 shares of the business services provider’s stock, valued at approximately $329,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in Charles River Associates in the 1st quarter valued at approximately $27,000. Jump Financial LLC acquired a new position in shares of Charles River Associates during the first quarter valued at $628,000. Quantbot Technologies LP bought a new stake in shares of Charles River Associates during the first quarter valued at about $360,000. Russell Investments Group Ltd. raised 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 valued at $899,000 after purchasing an additional 501 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Charles River Associates by 599.7% in the first quarter. SG Americas Securities LLC now owns 4,121 shares of the business services provider’s stock worth $714,000 after purchasing an additional 3,532 shares during the period. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Charles River Associates

In other Charles River Associates news, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 17,323 shares in the company, valued at $3,246,849.89. This represents a 9.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by insiders.

Charles River Associates Stock Down 0.3%

Shares of Charles River Associates stock opened at $207.86 on Wednesday. Charles River Associates has a 12 month low of $152.57 and a 12 month high of $214.66. The stock has a market cap of $1.37 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94. The business has a fifty day simple moving average of $189.92 and a 200-day simple moving average of $183.47.

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

Charles River Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, August 26th. Charles River Associates’s dividend payout ratio is currently 23.73%.

Analyst Upgrades and Downgrades

CRAI has been the topic of several research analyst reports. Wall Street Zen cut shares of Charles River Associates from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Barrington Research reiterated an “outperform” rating and issued a $235.00 price objective on shares of Charles River Associates in a report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $235.00.

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.