New York State Teachers Retirement System Lowers Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

New York State Teachers Retirement System trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 773,043 shares of the business services provider’s stock after selling 25,245 shares during the period. New York State Teachers Retirement System owned about 0.08% of Copart worth $41,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Copart in the 4th quarter worth approximately $463,262,000. Bank of New York Mellon Corp lifted its position in shares of Copart by 116.1% in the 1st quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock worth $857,718,000 after purchasing an additional 7,956,043 shares during the period. TD Asset Management Inc lifted its position in shares of Copart by 258.1% in the 4th quarter. TD Asset Management Inc now owns 3,392,855 shares of the business services provider’s stock worth $166,250,000 after purchasing an additional 2,445,440 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of Copart in the 2nd quarter worth approximately $109,382,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Copart by 28.0% in 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. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Up 1.0 %

Shares of NASDAQ CPRT traded up $0.50 during trading hours on Friday, hitting $52.74. 1,004,116 shares of the stock were exchanged, compared to its average volume of 4,415,775. The company has a market cap of $50.75 billion, a PE ratio of 37.29 and a beta of 1.28. The firm has a fifty day moving average price of $52.78 and a 200-day moving average price of $53.64. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58.

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.