Mitsubishi UFJ Trust & Banking Corp lowered its stake in Karooooo Ltd. (NASDAQ:KARO - Free Report) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,545 shares of the company's stock after selling 21,802 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.46% of Karooooo worth $6,391,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund acquired a new position in shares of Karooooo in the fourth quarter worth about $26,000. Quadrature Capital Ltd acquired a new position in Karooooo in the 3rd quarter worth approximately $216,000. Walleye Capital LLC purchased a new position in Karooooo during the 3rd quarter worth approximately $323,000. Polen Capital Management LLC grew its position in Karooooo by 24.8% during the 4th quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock worth $599,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Karooooo during the 4th quarter valued at $635,000.
Analyst Ratings Changes
Separately, Raymond James reaffirmed an "outperform" rating and issued a $51.00 target price (up previously from $46.00) on shares of Karooooo in a research report on Thursday, January 16th.
Read Our Latest Stock Analysis on KARO
Karooooo Stock Down 4.9 %
Shares of NASDAQ KARO traded down $1.95 during mid-day trading on Friday, reaching $38.19. The company had a trading volume of 28,528 shares, compared to its average volume of 30,383. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.25. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 24.48 and a beta of 1.03. The stock has a fifty day moving average of $44.38 and a two-hundred day moving average of $43.45. Karooooo Ltd. has a 12-month low of $24.23 and a 12-month high of $50.54.
Karooooo (NASDAQ:KARO - Get Free Report) last released its quarterly earnings data on Tuesday, January 14th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Karooooo had a net margin of 19.87% and a return on equity of 30.29%. As a group, equities research analysts expect that Karooooo Ltd. will post 1.57 EPS for the current year.
Karooooo Profile
(
Free Report)
Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.
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