2 weeks Ago By ABMN Staff
LPL Financial LLC raised its stake in shares of Copart, Inc. ( NASDAQ:CPRT – Free Report ) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 591,398 shares of the business services provider’s stock after buying an additional 78,443 shares during the period. LPL Financial LLC owned about 0.06% of Copart worth $33,940,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Copart by 2.
5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares in the last quarter.
State Street Corp grew its position in Copart by 0.4% in the third quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after acquiring an additional 120,939 shares in the last quarter.
Bank of New York Mellon Corp increased its stake in shares of Copart by 23.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,440,046 shares of the business services provider’s stock worth $1,115,664,000 after purchasing an additional 3,667,534 shares during the last quarter.
Geode Capital Management LLC raised its holdings in shares of Copart by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after purchasing an additional 291,580 shares in the last quarter.
Finally, Amundi lifted its stake in shares of Copart by 18.2% in the 4th quarter. Amundi now owns 7,080,834 shares of the business services provider’s stock valued at $402,332,000 after purchasing an additional 1,090,841 shares during the last quarter.
Institutional investors and hedge funds own 85.78% of the company’s stock. Insider Transactions at Copart In other news, Director James E.
Meeks sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $54.00, for a total value of $5,400,000.
00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink . Also, Director Daniel J.
Englander sold 235,480 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.
20. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 385,480 shares of company stock worth $21,667,683.
Company insiders own 9.68% of the company’s stock. Copart Stock Down 0.
9 % Copart ( NASDAQ:CPRT – Get Free Report ) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
38 by $0.02. The business had revenue of $1.
16 billion for the quarter, compared to analyst estimates of $1.13 billion. Copart had a net margin of 32.
27% and a return on equity of 19.31%. As a group, equities analysts expect that Copart, Inc.
will post 1.57 EPS for the current fiscal year. Analysts Set New Price Targets Separately, Argus lowered Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.
Check Out Our Latest Research Report on Copart Copart Profile ( Free Report ) Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners. Featured Articles Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.
com's FREE daily email newsletter ..
