Dorsey & Whitney Trust CO LLC Raises Stake in Copart, Inc. (NASDAQ:CPRT)

Dorsey & Whitney Trust CO LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,995 shares of the business services provider’s stock after buying an additional 2,694 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Copart were worth $688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. River Global Investors LLP purchased a new stake in Copart in the fourth quarter valued at approximately $17,762,000. Banco Santander S.A. grew its holdings in Copart by 14.0% in the fourth quarter. Banco Santander S.A. now owns 22,741 shares of the business services provider’s stock valued at $1,305,000 after purchasing an additional 2,797 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Copart by 0.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 375,498 shares of the business services provider’s stock valued at $23,020,000 after purchasing an additional 3,471 shares during the period. AMG National Trust Bank acquired a new position in Copart during the fourth quarter valued at approximately $202,000. Finally, Callan Family Office LLC acquired a new position in Copart during the fourth quarter valued at approximately $357,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

Insider Activity at Copart

In related news, Director Diane M. Morefield sold 30,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $58.01, for a total value of $1,740,300.00. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matt Blunt sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The disclosure for this sale can be found here. Insiders have sold 315,480 shares of company stock valued at $18,007,983 over the last ninety days. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Up 0.0 %

Shares of CPRT stock opened at $53.74 on Monday. The stock has a market cap of $51.92 billion, a price-to-earnings ratio of 36.07 and a beta of 1.30. Copart, Inc. has a fifty-two week low of $48.05 and a fifty-two week high of $64.38. The firm’s 50 day moving average price is $57.16 and its two-hundred day moving average price is $56.00.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. On average, equities analysts forecast that Copart, Inc. will post 1.57 EPS for the current fiscal year.

About Copart

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.