Thompson Siegel & Walmsley LLC Acquires 7,150 Shares of Copart, Inc. (NASDAQ:CPRT)

Thompson Siegel & Walmsley LLC lifted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,247 shares of the business services provider's stock after purchasing an additional 7,150 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in Copart were worth $4,548,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Copart by 2.5% during the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock worth $2,037,130,000 after buying an additional 941,858 shares in the last quarter. State Street Corp increased its holdings in Copart by 0.4% during the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider's stock valued at $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Edgewood Management LLC raised its position in Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider's stock valued at $1,077,119,000 after purchasing an additional 125,220 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Copart by 23.3% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider's stock worth $979,547,000 after purchasing an additional 291,580 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

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Copart Trading Down 1.5 %

Shares of CPRT traded down $0.83 during trading hours on Tuesday, hitting $52.92. 4,044,194 shares of the stock traded hands, compared to its average volume of 4,018,884. The business has a fifty day moving average of $56.65 and a 200-day moving average of $56.02. The firm has a market capitalization of $51.13 billion, a PE ratio of 35.52 and a beta of 1.30. Copart, Inc. has a 1-year low of $48.05 and a 1-year high of $64.38.

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 (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. As a group, equities research analysts expect that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Copart news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 directly owns 20,000 shares of the company's stock, valued at approximately $1,160,200. This trade represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,480 shares of company stock valued at $18,007,983. Company insiders own 9.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a research report on Friday.

Copart Profile

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.