Jennison Associates LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the fourth quarter, Holdings Channel reports. The fund bought 38,388 shares of the business services provider’s stock, valued at approximately $1,658,000.
Other hedge funds have also recently modified their holdings of the company. JLB & Associates Inc. raised its stake in shares of Copart by 9.8% in the 4th quarter. JLB & Associates Inc. now owns 321,659 shares of the business services provider’s stock valued at $13,892,000 after acquiring an additional 28,820 shares during the period. SG Americas Securities LLC raised its stake in shares of Copart by 42.4% in the 4th quarter. SG Americas Securities LLC now owns 34,338 shares of the business services provider’s stock valued at $1,483,000 after acquiring an additional 10,228 shares during the period. Cim LLC purchased a new stake in shares of Copart in the 4th quarter valued at approximately $473,000. State of Alaska Department of Revenue purchased a new stake in shares of Copart in the 4th quarter valued at approximately $630,000. Finally, Syntal Capital Partners LLC raised its stake in shares of Copart by 79.5% in the 4th quarter. Syntal Capital Partners LLC now owns 32,055 shares of the business services provider’s stock valued at $1,384,000 after acquiring an additional 14,202 shares during the period. 78.08% of the stock is currently owned by institutional investors.
Shares of Copart, Inc. (CPRT) opened at $43.44 on Monday. The stock has a market cap of $10,047.85, a P/E ratio of 32.42, a PEG ratio of 1.42 and a beta of 1.12. Copart, Inc. has a 52 week low of $27.91 and a 52 week high of $46.09. The company has a quick ratio of 2.23, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and issued a $44.00 price target on shares of Copart in a research note on Friday, November 24th. Stephens set a $49.00 price target on shares of Copart and gave the company a “hold” rating in a research note on Wednesday, January 17th. Jefferies Group boosted their price target on shares of Copart to $40.00 and gave the company a “hold” rating in a research note on Thursday, November 23rd. Wolfe Research assumed coverage on shares of Copart in a research note on Tuesday, November 7th. They issued a “market perform” rating on the stock. Finally, Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.00.
In related news, Director Matt Blunt sold 116,667 shares of Copart stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $41.96, for a total value of $4,895,347.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Englander sold 68,004 shares of Copart stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.
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Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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