Whittier Trust Co. Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. boosted its position in Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 495,804 shares of the business services provider's stock after acquiring an additional 18,988 shares during the period. Whittier Trust Co. owned 0.05% of Copart worth $28,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Sandy Spring Bank lifted its stake in Copart by 59.5% in the fourth quarter. Sandy Spring Bank now owns 472 shares of the business services provider's stock worth $27,000 after acquiring an additional 176 shares during the period. Quarry LP purchased a new stake in shares of Copart in the 3rd quarter worth about $29,000. True Wealth Design LLC lifted its position in shares of Copart by 1,737.1% in the 3rd quarter. True Wealth Design LLC now owns 643 shares of the business services provider's stock worth $34,000 after purchasing an additional 608 shares during the period. Curio Wealth LLC bought a new stake in shares of Copart during the 4th quarter valued at about $52,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Copart during the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 85.78% of the company's stock.

Analysts Set New Price Targets

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

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Insider Activity at Copart

In other news, Director Daniel J. Englander sold 235,480 shares of the firm's stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Meeks sold 100,000 shares of the company's stock in a transaction dated 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. Insiders sold a total of 385,480 shares of company stock valued at $21,667,683 in the last 90 days. Corporate insiders own 9.68% of the company's stock.

Copart Stock Up 2.7 %

Shares of CPRT stock traded up $1.43 during mid-day trading on Monday, reaching $55.06. 4,315,527 shares of the company's stock traded hands, compared to its average volume of 4,016,409. The company's 50-day moving average price is $56.42 and its 200-day moving average price is $56.07. The company has a market cap of $53.19 billion, a P/E ratio of 36.95 and a beta of 1.30. Copart, Inc. has a 12 month low of $48.05 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.13 billion. Equities analysts predict that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart Company 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.