Every Step of the Way.
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Type
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Public |
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Traded as | NYSE: CRL S&P 400 Component |
Industry | Pharmaceutical/medical devices |
Founded | 1947 (1947) |
Headquarters | Wilmington, Massachusetts |
Key people
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James C. Foster (CEO) |
Revenue | $ 1.13 billion (FY2012) |
Number of employees
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7,500 |
Website | Charles River |
Charles River Laboratories, Inc., is an American corporation specializing in a variety of pre-clinical and clinical laboratory services for the pharmaceutical, medical device and biotechnology industries. It also supplies assorted biomedical products and research and development outsourcing services for use in the pharmaceutical industry. According to its website, its customers include every major pharmaceutical and biotechnology company in the world, major academic institutions and government research centers.
Charles River was founded in 1947, by a young veterinarian who purchased thousands of rat cages from a Virginia farm and set up a one-man laboratory in Boston, overlooking the Charles River. In an effort to fulfill the regional need for laboratory animal models, he bred, fed and cared for the animals and personally delivered them to local researchers. In the last six decades, this one-man laboratory has evolved into a worldwide network. The organisation is constantly expanding their portfolio, and organisational growth has become a continuous strategic effort in anticipating tomorrow’s drug development needs.
The chairman and chief executive officer is James C. Foster.
In October 2003, Charles River Laboratories merged with Inveresk, a UK-owned research company. The company was known then as Charles River Laboratories. Inveresk specialised in clinical research and pre-clinical testing, and their main facilities are in Edinburgh, Scotland. In late 2009, Charles River sold its Clinical Services Division in Edinburgh to Quotient Bioresearch.
In 2010 Charles River Laboratories attempted to acquire WuXi PharmaTech, a China-based contract research organization, but the offer was withdrawn when the deal faced opposition from several large Charles River investors, including Relational Investors, JANA Partners and Neuberger Berman.
Proxy advisory firm RiskMetrics had also recommended that Charles River's shareholders vote against the proposed deal.
In July 2015 the company announced it would acquire Celsis International for $212 million.
In January 2016 the company announced it was set to acquire WIL Research for approximately $585 million in cash.
In June 2016 the company announced it would acquire Blue Stream Laboratories.
The company has been the target of animal rights activists in the UK and US. It owned Shamrock Farm in England's West Sussex which closed in 2000 following a 15-month campaign by animal rights activists.
In 2007, two monkeys at the company’s Sparks, Nevada, facility had their fingers amputated after they were caught in the wiring of their cages while being moved, and a third monkey suffered a cut to its tail.
In 2008, 32 cynomolgus primates, also known as crab-eating macaques, died of overheating at the company's Sparks, Nevada, laboratory after a climate system failure. PETA filed a complaint with the USDA over the incident. The following year, a monkey died at the same facility after being left in their cage as it was going through a hot cage washer. Charles River was fined $14,500 for the two incidents. The company subsequently closed their Sparks facility.
PETA owns $2,000 worth of shares in the company, enough to introduce formal resolutions regarding animal care during the company’s annual shareholder meeting.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-11-01 | Future report Set alerts | |
Q2 2022 | 2022-08-03 | 2.77 | 2.77 |
Q1 2022 | 2022-05-04 | 2.75 | 2.75 |
Q4 2021 | 2022-02-16 | 2.49 | 2.49 |
Q3 2021 | 2021-11-03 | 2.70 | 2.70 |
Q2 2021 | 2021-08-04 | 2.61 | 2.61 |
Q1 2021 | 2021-05-04 | 2.53 | 2.53 |
Q4 2020 | 2021-02-17 | 2.39 | 2.39 |
Q3 2020 | 2020-10-29 | 2.33 | 2.33 |
Q2 2020 | 2020-08-05 | 1.58 | 1.58 |
2016-06-20 | Initiated Coverage | Credit Suisse | Neutral | $84.00 |
2016-06-20 | Initiated Coverage | Credit Suisse Group AG | Neutral | $84.00 |
2016-05-22 | Reiterated Rating | KeyBanc | Hold | $77.00 |
2016-05-22 | Reiterated Rating | KeyCorp | Hold | $77.00 |
2016-05-20 | Boost Price Target | Barclays | Underweight | $60.00 to $65.00 |
2016-05-20 | Boost Price Target | Barclays PLC | Underweight | $60.00 to $65.00 |
2016-04-26 | Initiated Coverage | Gabelli | Buy | $96.00 |
2016-02-11 | Reiterated Rating | Jefferies | Buy | $96.00 to $90.00 |
2016-02-11 | Reiterated Rating | Bank of America | Buy | $90.00 to $87.00 |
2016-02-11 | Reiterated Rating | Jefferies Group | Buy | $96.00 to $90.00 |
2016-02-11 | Boost Price Target | Goldman Sachs | Sell | $71.00 to $74.00 |
2016-02-11 | Reiterated Rating | Deutsche Bank | Hold | $85.00 to $82.00 |
2016-02-11 | Reiterated Rating | Bank of America Corp. | Buy | $90.00 to $87.00 |
2016-02-11 | Boost Price Target | Goldman Sachs Group Inc. | Sell | $71.00 to $74.00 |
2016-02-11 | Reiterated Rating | Deutsche Bank AG | Hold | $85.00 to $82.00 |
2016-01-08 | Boost Price Target | Robert W. Baird | Outperform | $86.00 to $92.00 |
2016-01-08 | Reiterated Rating | Jefferies Group | Buy | $88.00 to $96.00 |
2016-01-07 | Upgrade | Wells Fargo | Market Perform to Outperform | |
2016-01-07 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
2015-11-05 | Boost Price Target | Deutsche Bank | Hold | $79.00 to $81.00 |
2015-11-02 | Boost Price Target | Robert W. Baird | Outperform | $74.00 to $80.00 |
2015-10-12 | Upgrade | Wells Fargo | Underperform to Market Perform | |
2015-08-28 | Reiterated Rating | William Blair | Outperform | |
2015-08-16 | Reiterated Rating | Jefferies | Buy | $88.00 |
2015-08-16 | Reiterated Rating | Jefferies Group | Buy | $88.00 |
2015-08-14 | Initiated Coverage | Credit Suisse | Neutral | $84.00 |
2015-08-13 | Reiterated Rating | Deutsche Bank | Hold | $79.00 |
2015-08-12 | Reiterated Rating | Jefferies Group | Buy | $82.00 to $88.00 |
2015-07-31 | Reiterated Rating | Citigroup Inc. | Hold | $75.00 to $77.00 |
2015-07-31 | Boost Price Target | Deutsche Bank | Hold | $76.00 to $79.00 |
2015-07-10 | Reiterated Rating | Jefferies Group | Buy | $82.00 |
2015-07-10 | Reiterated Rating | Morgan Stanley | Equal Weight | $65.00 to $68.00 |
2015-07-10 | Upgrade | Bank of America | Neutral to Buy | $76.00 to $83.00 |
2015-07-10 | Downgrade | Barclays | Equal Weight to Underweight | $60.00 |
2015-05-28 | Reiterated Rating | Jefferies Group | Buy | $82.00 |
2015-05-04 | Upgrade | Edward Jones | Neutral to Buy | |
2015-05-04 | Upgrade | SunTrust | Neutral to Buy | $88.00 |
2015-05-04 | Upgrade | SunTrust Banks Inc. | Neutral to Buy | $88.00 |
2015-04-30 | Reiterated Rating | Cantor Fitzgerald | Buy | $78.00 |
2015-04-24 | Reiterated Rating | Jefferies Group | Buy | $85.00 to $90.00 |
2015-04-24 | Boost Price Target | Barclays | Equal Weight | $55.00 to $60.00 |
2015-04-07 | Downgrade | Wells Fargo & Co. | Market Perform to Underperform | |
2015-04-07 | Downgrade | Wells Fargo | Market Perform to Underperform | |
2015-03-26 | Downgrade | SunTrust | Buy to Neutral | $84.00 to $88.00 |
2015-02-12 | Reiterated Rating | Jefferies Group | Buy | $83.00 to $85.00 |
2015-02-12 | Boost Price Target | Deutsche Bank | Hold | $63.00 to $77.00 |
2015-02-11 | Reiterated Rating | Cantor Fitzgerald | Buy | $70.00 |
2015-01-28 | Reiterated Rating | Jefferies Group | Buy | $80.00 to $83.00 |
2015-01-23 | Upgrade | William Blair | Market Perform to Outperform | |
2015-01-16 | Boost Price Target | Jefferies Group | Buy | $75.00 to $80.00 |
2014-11-05 | Reiterated Rating | Credit Suisse | Neutral | $60.00 to $67.00 |
2014-11-03 | Reiterated Rating | Citigroup Inc. | Neutral | $56.00 to $65.00 |
2014-10-31 | Reiterated Rating | Deutsche Bank | Hold | $59.00 to $63.00 |
2014-10-30 | Reiterated Rating | Jefferies Group | Buy | $69.00 to $75.00 |
2014-10-15 | Upgrade | SunTrust | Neutral to Buy | $67.00 to $70.00 |
2014-08-13 | Reiterated Rating | Deutsche Bank | Hold | $58.00 to $59.00 |
2014-08-08 | Reiterated Rating | Credit Suisse | Neutral | $56.00 to $60.00 |
2014-06-24 | Initiated Coverage | SunTrust | Neutral | $55.00 |
2014-05-20 | Reiterated Rating | Morgan Stanley | Equal Weight | $60.00 |
2014-05-06 | Lower Price Target | Credit Suisse | $60.00 to $56.00 | |
2014-05-02 | Reiterated Rating | Citigroup Inc. | Hold | $56.00 |
2014-05-01 | Reiterated Rating | Jefferies Group | Buy | |
2014-04-30 | Initiated Coverage | Raymond James | Market Perform | |
2014-04-10 | Boost Price Target | Jefferies Group | Buy | $73.00 |
2014-03-19 | Initiated Coverage | KeyBanc | Hold | |
2014-02-18 | Upgrade | Ned Davis Research | Neutral to Buy | |
2014-02-18 | Initiated Coverage | Citigroup Inc. | Sell to Neutral | |
2014-02-13 | Boost Price Target | Barclays | Equal Weight | $41.00 to $55.00 |
2014-02-13 | Boost Price Target | Jefferies Group | Buy | $64.00 to $67.00 |
2014-01-13 | Boost Price Target | Sterne Agee CRT | $60.00 to $71.00 | |
2014-01-07 | Boost Price Target | Jefferies Group | $57.00 to $64.00 | |
2013-12-11 | Upgrade | Raymond James | Underperform to Market Perform | |
2013-11-20 | Initiated Coverage | Deutsche Bank | Hold | $55.00 |
2013-11-01 | Boost Price Target | Sterne Agee CRT | Buy | $56.00 to $60.00 |
2013-10-30 | Reiterated Rating | Credit Suisse | Hold | $50.00 |
2013-10-30 | Boost Price Target | Robert W. Baird | Outperform | $52.00 to $53.00 |
2013-10-01 | Initiated Coverage | Cantor Fitzgerald | Buy | $53.00 |
2013-09-23 | Initiated Coverage | Credit Suisse | Neutral | $50.00 |
2013-06-03 | Reiterated | Barclays | Equal Weight | $38 to $41 |
2013-02-14 | Reiterated | ISI Group | Neutral | $40.50 to $43 |
2011-01-06 | Downgrade | Deutsche Bank | Buy to Hold | $37 to $37 |
2010-05-12 | Upgrade | Robert W. Baird | Neutral to Outperform | $37 |
2010-01-07 | Upgrade | Deutsche Bank | Hold to Buy | $38.50 to $39 |
2009-11-09 | Downgrade | Barclays Capital | Overweight to Equal Weight | |
2009-04-20 | Downgrade | Jefferies & Co | Buy to Hold | $33 |
2009-02-05 | Reiterated | Barclays Capital | Overweight | $42 to $38 |
2009-01-30 | Downgrade | UBS | Neutral to Sell | |
2009-01-20 | Reiterated | Barclays Capital | Overweight | $44 to $42 |
2008-11-20 | Reiterated | UBS | Neutral | $30 to $22 |
2016-06-20 | Initiated Coverage | Credit Suisse | Neutral | $84.00 |
2016-06-20 | Initiated Coverage | Credit Suisse Group AG | Neutral | $84.00 |
2016-05-22 | Reiterated Rating | KeyBanc | Hold | $77.00 |
2016-05-22 | Reiterated Rating | KeyCorp | Hold | $77.00 |
2016-05-20 | Boost Price Target | Barclays | Underweight | $60.00 to $65.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CRL 429 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 5.98M |
BlackRock Inc. | 5.31M |
STATE STREET CORP | 2.03M |
BlackRock Fund Advisors | 1.90M |
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 1.63M |
PRICE T ROWE ASSOCIATES INC /MD/ | 1.59M |
BlackRock Institutional Trust Company, N.A. | 1.48M |
Clearbridge Investments, LLC | 1.45M |
Invesco Ltd. | 1.03M |
GEODE CAPITAL MANAGEMENT, LLC | 0.99M |
Jackson Square Partners, LLC | 0.87M |
FMR LLC | 0.74M |
FIL Ltd | 0.73M |
MACKENZIE FINANCIAL CORP | 0.71M |
VIKING GLOBAL INVESTORS LP | 0.66M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
FOSTER JAMES C Chairman, President and CEO | 0.65% (301676) | CRL / |
JOHST DAVID P Corp Executive VP | 0.42% (196493) | CRL / |
ACKERMAN THOMAS F Corp. Executive VP & CFO | 0.24% (111346) | CRL / CRY / |
REESE C RICHARD | 0.12% (56457) | CRL / |
CHUBB STEPHEN D | 0.07% (33589) | CRL / |
MILNE GEORGE M JR | 0.06% (29020) | ATHX / CRL / MTD / |
GILLETT NANCY Corporate Executive VP | 0.06% (26711) | CRL / |
BERTOLINI ROBERT J | 0.06% (26195) | BMY / CRL / |
WALLMAN RICHARD F | 0.05% (24248) | CRL / CVG / ROP / STAY / TRNX / |
Girshick Birgit Corporate Executive VP | 0.05% (22977) | CRL / |
Barbo William D Corporate Executive VP & CCO | 0.04% (20980) | CRL / |
Molho Davide Corporate Executive VP | 0.04% (20669) | CRL / |
Thompson Craig B. | 0.03% (14929) | CRL / MRK / |
MASSARO GEORGE | 0.03% (14701) | CRL / HURN / |
GELLER JORG Corporate Executive VP | 0.03% (14094) | CRL / |
Smith David Ross Corporate Executive VP & CFO | 0.03% (12778) | CRL / |
Kochevar Deborah Turner | 0.02% (8786) | CRL / |
Crowley John J SVP, Chief Accounting Officer | 0.01% (5883) | CRL / |
MACKAY MARTIN | 0.01% (2782) | CRL / |