Securian Asset Management Inc. Lowers Position in Copart, Inc. (NASDAQ:CPRT)

Securian Asset Management Inc. cut its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,117 shares of the business services provider’s stock after selling 1,315 shares during the quarter. Securian Asset Management Inc.’s holdings in Copart were worth $2,704,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. YCG LLC lifted its position in Copart by 0.4% during the fourth quarter. YCG LLC now owns 1,185,092 shares of the business services provider’s stock valued at $68,012,000 after purchasing an additional 4,753 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Copart by 22.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,196 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 3,670 shares in the last quarter. HighTower Advisors LLC lifted its position in Copart by 164.2% during the fourth quarter. HighTower Advisors LLC now owns 611,320 shares of the business services provider’s stock valued at $35,084,000 after purchasing an additional 379,943 shares in the last quarter. Donaldson Capital Management LLC lifted its position in Copart by 0.5% during the fourth quarter. Donaldson Capital Management LLC now owns 89,678 shares of the business services provider’s stock valued at $5,147,000 after purchasing an additional 472 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of Copart by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 120,329 shares of the business services provider’s stock valued at $6,906,000 after acquiring an additional 366 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Matt Blunt sold 50,000 shares of Copart stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total value of $2,883,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction dated Monday, December 23rd. The stock was 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 in the company, valued at $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. Insiders have sold 315,480 shares of company stock worth $18,007,983 over the last ninety days. Corporate insiders own 9.68% of the company’s stock.

Copart Stock Up 0.2 %

Shares of Copart stock opened at $53.04 on Thursday. The stock’s 50-day simple moving average is $56.87 and its 200-day simple moving average is $55.99. Copart, Inc. has a 52 week low of $48.05 and a 52 week high of $64.38. The company has a market capitalization of $51.24 billion, a price-to-earnings ratio of 35.60 and a beta of 1.30.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Copart had a return on equity of 19.31% and a net margin of 32.27%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

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.