Greenleaf Trust increased its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,889 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. Greenleaf Trust’s holdings in Copart were worth $885,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Manning & Napier Advisors LLC purchased a new position in shares of Copart during the 2nd quarter worth $109,382,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the period. TD Asset Management Inc lifted its stake in shares of Copart by 43.3% during the 1st quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock worth $281,616,000 after purchasing an additional 1,469,292 shares during the period. Kimelman & Baird LLC purchased a new position in shares of Copart during the 2nd quarter worth $70,307,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Copart by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after purchasing an additional 1,199,781 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.
Copart Trading Up 0.0 %
Shares of CPRT opened at $51.38 on Friday. The firm has a market capitalization of $49.44 billion, a P/E ratio of 36.18 and a beta of 1.27. The stock’s fifty day simple moving average is $52.29 and its 200 day simple moving average is $53.18. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.
Wall Street Analyst Weigh In
Separately, Robert W. Baird reduced their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.
Get Our Latest Analysis on CPRT
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.
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