Financial Counselors Inc. Boosts Position in Copart, Inc. (NASDAQ:CPRT)

Financial Counselors Inc. increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,801 shares of the business services provider’s stock after acquiring an additional 3,781 shares during the quarter. Financial Counselors Inc.’s holdings in Copart were worth $7,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Copart by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock valued at $2,272,369,000 after buying an additional 1,009,053 shares during the period. Capital World Investors increased its stake in Copart by 1.0% during the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock worth $1,049,551,000 after acquiring an additional 207,349 shares during the last quarter. Bank of New York Mellon Corp raised its position in Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after purchasing an additional 1,199,781 shares during the period. Norges Bank purchased a new stake in Copart in the fourth quarter valued at $463,262,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Copart by 4.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,242,178 shares of the business services provider’s stock valued at $403,867,000 after purchasing an additional 370,188 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Trading Up 1.1 %

Shares of NASDAQ:CPRT opened at $52.96 on Tuesday. The company has a market capitalization of $50.96 billion, a price-to-earnings ratio of 37.30 and a beta of 1.28. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The business has a 50-day moving average price of $52.56 and a 200 day moving average price of $53.81.

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.