Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 13.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,871 shares of the business services provider’s stock after acquiring an additional 1,691 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Copart were worth $751,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cadence Bank boosted its holdings in Copart by 0.6% during the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after purchasing an additional 187 shares in the last quarter. WASHINGTON TRUST Co grew its position in Copart by 0.3% in the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after acquiring an additional 200 shares during the period. Spinnaker Trust raised its stake in Copart by 4.0% during the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after acquiring an additional 200 shares in the last quarter. Values First Advisors Inc. lifted its holdings in shares of Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 201 shares during the period. Finally, Burney Co. boosted its stake in shares of Copart by 1.4% in the 2nd quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.
Copart Stock Performance
Copart stock opened at $51.44 on Friday. The business’s fifty day moving average is $51.55 and its two-hundred day moving average is $53.73. The firm has a market cap of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58.
Analyst Ratings Changes
Separately, Robert W. Baird cut their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.
Check Out Our Latest Report on Copart
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.
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