CRA International, Inc. (NASDAQ:CRAI) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC trimmed its holdings in shares of CRA International, Inc. (NASDAQ:CRAI) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,674 shares of the business services provider’s stock after selling 431 shares during the quarter. Lazard Asset Management LLC’s holdings in CRA International were worth $1,998,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CRAI. Ameriprise Financial Inc. acquired a new position in shares of CRA International during the 4th quarter worth approximately $249,000. KLP Kapitalforvaltning AS acquired a new position in shares of CRA International during the 4th quarter worth approximately $281,000. Farther Finance Advisors LLC raised its stake in shares of CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after buying an additional 108 shares during the period. Summit Global Investments purchased a new stake in shares of CRA International during the fourth quarter worth approximately $656,000. Finally, MetLife Investment Management LLC increased its position in shares of CRA International by 6.7% during the fourth quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock worth $745,000 after purchasing an additional 250 shares in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

CRA International Stock Performance

Shares of CRAI opened at $195.43 on Friday. CRA International, Inc. has a one year low of $133.54 and a one year high of $214.01. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.75 and a beta of 0.87. The stock has a 50 day moving average price of $172.64 and a 200 day moving average price of $183.68.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $1.93 by $0.29. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The firm had revenue of $181.85 million during the quarter, compared to analysts’ expectations of $176.63 million. On average, analysts predict that CRA International, Inc. will post 7.52 earnings per share for the current year.

CRA International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, May 27th. CRA International’s payout ratio is currently 26.45%.

Analyst Ratings Changes

Separately, Barrington Research boosted their price target on CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, February 24th.

Insider Buying and Selling at CRA International

In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the completion of the sale, the director now directly owns 14,669 shares in the company, valued at $2,919,864.45. This represents a 6.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul A. Maleh sold 2,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $199.37, for a total value of $398,740.00. Following the completion of the sale, the chief executive officer now owns 153,806 shares of the company’s stock, valued at approximately $30,664,302.22. The trade was a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,600 shares of company stock worth $4,231,888 in the last three months. 4.70% of the stock is owned by corporate insiders.

CRA International 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.