Sumitomo Mitsui Trust Holdings Inc. Has $112.82 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Copart, Inc. (NASDAQ:CPRT) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,302,474 shares of the business services provider’s stock after selling 16,305 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.24% of Copart worth $112,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Copart by 1,212.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,110 shares of the business services provider’s stock worth $390,000 after buying an additional 2,873 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Copart by 14.6% during the first quarter. Panagora Asset Management Inc. now owns 8,456 shares of the business services provider’s stock worth $1,061,000 after purchasing an additional 1,079 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Copart by 52.1% during the first quarter. Vontobel Holding Ltd. now owns 10,823 shares of the business services provider’s stock worth $1,380,000 after purchasing an additional 3,707 shares during the period. National Pension Service boosted its holdings in shares of Copart by 5.0% during the first quarter. National Pension Service now owns 286,903 shares of the business services provider’s stock worth $35,998,000 after purchasing an additional 13,666 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Copart by 1.2% during the first quarter. Vanguard Group Inc. now owns 22,968,882 shares of the business services provider’s stock worth $2,881,905,000 after purchasing an additional 270,867 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Copart

In other news, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $57.77, for a total value of $34,662,000.00. Following the sale, the chairman now owns 19,687,980 shares of the company’s stock, valued at approximately $1,137,374,604.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Matt Blunt sold 100,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $51.06, for a total value of $5,106,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman A Jayson Adair sold 600,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $57.77, for a total transaction of $34,662,000.00. Following the completion of the sale, the chairman now directly owns 19,687,980 shares in the company, valued at approximately $1,137,374,604.60. The disclosure for this sale can be found here. Insiders have sold 985,000 shares of company stock valued at $55,519,950 in the last 90 days. 10.23% of the stock is currently owned by company insiders.

Copart Price Performance

Shares of Copart stock opened at $54.38 on Wednesday. The firm has a market capitalization of $52.29 billion, a PE ratio of 39.12 and a beta of 1.22. The company’s fifty day moving average price is $54.20 and its two-hundred day moving average price is $49.93. Copart, Inc. has a 52-week low of $38.35 and a 52-week high of $58.58.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Copart had a net margin of 33.41% and a return on equity of 21.55%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Analysts predict that Copart, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CPRT shares. JPMorgan Chase & Co. lifted their price target on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com cut shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.00.

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.