Norinchukin Bank The Has $29.23 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Norinchukin Bank The trimmed its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 509,313 shares of the business services provider's stock after selling 90,266 shares during the quarter. Norinchukin Bank The owned 0.05% of Copart worth $29,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Copart by 289.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,322 shares of the business services provider's stock valued at $1,970,000 after purchasing an additional 25,512 shares during the last quarter. Capital World Investors lifted its position in shares of Copart by 0.8% in the 4th quarter. Capital World Investors now owns 21,353,932 shares of the business services provider's stock valued at $1,225,502,000 after acquiring an additional 169,354 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Copart by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,751,965 shares of the business services provider's stock worth $157,958,000 after purchasing an additional 81,971 shares during the period. Epoch Investment Partners Inc. grew its position in Copart by 1.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 3,019,079 shares of the business services provider's stock worth $173,265,000 after purchasing an additional 39,383 shares in the last quarter. Finally, Capital International Ltd. CA lifted its holdings in shares of Copart by 1.7% in the fourth quarter. Capital International Ltd. CA now owns 256,272 shares of the business services provider's stock valued at $14,707,000 after purchasing an additional 4,304 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Insider Activity at Copart

In other news, Director Steven D. Cohan sold 5,003 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $60.01, for a total transaction of $300,230.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Meeks sold 100,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,000 shares of company stock valued at $11,401,000. 9.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Argus downgraded Copart from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Copart Stock Up 1.3 %

Shares of NASDAQ:CPRT traded up $0.80 during trading on Thursday, reaching $61.85. 1,639,683 shares of the company traded hands, compared to its average volume of 4,404,870. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38. The firm has a market cap of $59.75 billion, a P/E ratio of 41.52 and a beta of 1.22. The firm has a fifty day simple moving average of $56.26 and a 200 day simple moving average of $57.02.

Copart (NASDAQ:CPRT - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current 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.