Weber Capital Management LLC ADV Makes New $5.35 Billion Investment in Charles River Associates $CRAI

Weber Capital Management LLC ADV purchased a new stake in Charles River Associates (NASDAQ:CRAI) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 37,606 shares of the business services provider’s stock, valued at approximately $5,351,334,000. Charles River Associates comprises approximately 4.6% of Weber Capital Management LLC ADV’s portfolio, making the stock its 6th biggest position. Weber Capital Management LLC ADV owned 0.60% of Charles River Associates as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CRAI. Jones Financial Companies Lllp acquired a new stake in Charles River Associates during the first quarter valued at approximately $27,000. Allworth Financial LP bought a new position in shares of Charles River Associates in the second quarter valued at $35,000. Quantbot Technologies LP bought a new position in shares of Charles River Associates in the second quarter valued at $53,000. Persistent Asset Partners Ltd acquired a new stake in shares of Charles River Associates during the 2nd quarter valued at $55,000. Finally, State of Wyoming bought a new stake in shares of Charles River Associates during the 2nd quarter worth $74,000. Institutional investors own 84.13% of the company’s stock.

Charles River Associates Stock Performance

NASDAQ:CRAI opened at $176.90 on Monday. 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 $1.11 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.31 and a beta of 0.66. The business’s fifty day moving average price is $162.52 and its 200 day moving average price is $159.54.

Charles River Associates (NASDAQ:CRAI) last issued its earnings results on Thursday, August 6th. The business services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. The company had revenue of $210.81 million for the quarter, compared to the consensus estimate of $198.91 million. Charles River Associates had a return on equity of 27.31% and a net margin of 6.20%. Equities analysts forecast that Charles River Associates will post 8.42 earnings per share for the current year.

Charles River Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, August 25th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend 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 presently 30.36%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Charles River Associates in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.00.

About Charles River Associates

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.