Rodgers Brothers Inc. Decreases Holdings in Copart, Inc. (NASDAQ:CPRT)

Rodgers Brothers Inc. lowered its position in Copart, Inc. (NASDAQ:CPRT) by 4.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,204 shares of the business services provider’s stock after selling 1,000 shares during the period. Rodgers Brothers Inc.’s holdings in Copart were worth $1,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRT. Principal Financial Group Inc. grew its holdings in shares of Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after purchasing an additional 941,858 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of Copart by 106.4% during the third quarter. CreativeOne Wealth LLC now owns 9,605 shares of the business services provider’s stock worth $503,000 after purchasing an additional 4,951 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Copart by 13.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 188,277 shares of the business services provider’s stock worth $9,866,000 after buying an additional 22,592 shares during the last quarter. Public Sector Pension Investment Board increased its position in Copart by 12.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 4,500 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in Copart in the third quarter worth about $761,000. 85.78% of the stock is currently owned by institutional investors.

Insider Transactions at Copart

In related news, Director Daniel J. Englander sold 235,480 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through this link. Also, Director James E. Meeks sold 100,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total value of $5,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,480 shares of company stock worth $21,667,683. Insiders own 9.68% of the company’s stock.

Analyst Ratings Changes

Separately, Argus lowered shares of Copart from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Copart Price Performance

Shares of NASDAQ CPRT opened at $55.15 on Monday. The firm has a fifty day moving average price of $56.33 and a 200-day moving average price of $56.23. Copart, Inc. has a 1 year low of $48.05 and a 1 year high of $64.38. The stock has a market cap of $53.28 billion, a PE ratio of 37.01 and a beta of 1.30.

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

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.