Copart, Inc. (CPRT) Reaches $46.47 52-Week High; Water Island Capital Has Boosted Metlife (MET) Holding

February 18, 2018 - By Peter Erickson

The stock of Copart, Inc. (NASDAQ:CPRT) hit a new 52-week high and has $50.19 target or 8.00% above today’s $46.47 share price. The 6 months bullish chart indicates low risk for the $10.75B company. The 1-year high was reported on Feb, 18 by If the $50.19 price target is reached, the company will be worth $859.92 million more. The stock increased 1.60% or $0.73 during the last trading session, reaching $46.47. About 2.26 million shares traded or 81.92% up from the average. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since February 18, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Water Island Capital Llc increased Metlife Inc (MET) stake by 37.89% reported in 2017Q3 SEC filing. Water Island Capital Llc acquired 36,000 shares as Metlife Inc (MET)’s stock declined 4.70%. The Water Island Capital Llc holds 131,000 shares with $6.81 million value, up from 95,000 last quarter. Metlife Inc now has $48.65B valuation. The stock decreased 0.19% or $0.09 during the last trading session, reaching $46.64. About 7.67M shares traded or 16.42% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since February 18, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 8.13, from 9.26 in 2017Q2. It turned negative, as 27 investors sold Copart, Inc. shares while 108 reduced holdings. 58 funds opened positions while 95 raised stakes. 166.73 million shares or 50.62% less from 337.64 million shares in 2017Q2 were reported. United Service Automobile Association holds 0% or 29,460 shares. Blair William And Co Il has invested 0.02% in Copart, Inc. (NASDAQ:CPRT). Fiera has 0.2% invested in Copart, Inc. (NASDAQ:CPRT) for 1.20M shares. Natl Bank Of Ny Mellon stated it has 3.13 million shares or 0.03% of all its holdings. Commonwealth Equity accumulated 16,687 shares. Fifth Third Financial Bank reported 0% stake. City Holdings Company holds 142 shares or 0% of its portfolio. Comerica Savings Bank stated it has 0.04% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Hodges Capital Mgmt holds 0.29% or 126,412 shares in its portfolio. Eqis Cap Mngmt reported 19,545 shares or 0.04% of all its holdings. Breton Hill Cap Ltd holds 0.19% or 30,391 shares. Qs Invsts holds 0% or 64 shares. Hsbc Hldgs Public Ltd Company accumulated 20,919 shares or 0% of the stock. Whittier Tru Company Of Nevada owns 2,693 shares. Robeco Institutional Asset Management Bv holds 2.16 million shares or 0.46% of its portfolio.

Among 11 analysts covering Copart (NASDAQ:CPRT), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Copart had 24 analyst reports since January 15, 2016 according to SRatingsIntel. The stock of Copart, Inc. (NASDAQ:CPRT) has “Hold” rating given on Friday, January 15 by Jefferies. Jefferies maintained the stock with “Hold” rating in Monday, September 11 report. The firm earned “Hold” rating on Monday, January 18 by Jefferies. The stock of Copart, Inc. (NASDAQ:CPRT) has “Hold” rating given on Tuesday, April 5 by Gabelli. Stephens maintained Copart, Inc. (NASDAQ:CPRT) on Tuesday, January 16 with “Hold” rating. The firm earned “Neutral” rating on Friday, May 27 by JP Morgan. Robert W. Baird maintained Copart, Inc. (NASDAQ:CPRT) on Thursday, September 21 with “Outperform” rating. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, November 22. Bank of America downgraded Copart, Inc. (NASDAQ:CPRT) on Monday, March 21 to “Neutral” rating. The firm has “Overweight” rating given on Monday, February 12 by Stephens.

Since September 28, 2017, it had 0 insider buys, and 3 selling transactions for $15.31 million activity. MEEKS JAMES E also sold $5.49 million worth of Copart, Inc. (NASDAQ:CPRT) on Thursday, September 28. Englander Daniel J also sold $2.95M worth of Copart, Inc. (NASDAQ:CPRT) shares. 200,000 Copart, Inc. (NASDAQ:CPRT) shares with value of $6.86 million were sold by MITZ VINCENT W.

Copart, Inc. provides online auctions and vehicle remarketing services. The company has market cap of $10.75 billion. 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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners. It has a 36.33 P/E ratio. The companyÂ’s services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, motor vehicle regulatory agency processing, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services.

Analysts await Copart, Inc. (NASDAQ:CPRT) to report earnings on February, 20. They expect $0.37 earnings per share, up 27.59% or $0.08 from last year’s $0.29 per share. CPRT’s profit will be $85.58M for 31.40 P/E if the $0.37 EPS becomes a reality. After $0.33 actual earnings per share reported by Copart, Inc. for the previous quarter, Wall Street now forecasts 12.12% EPS growth.

Water Island Capital Llc decreased Nxp Semiconductors N V (NASDAQ:NXPI) stake by 111,800 shares to 1.40M valued at $157.93M in 2017Q3. It also reduced Fidelity & Gty Life (NYSE:FGL) stake by 21,800 shares and now owns 528,692 shares. Westar Energy Inc (NYSE:WR) was reduced too.

Among 16 analysts covering MetLife (NYSE:MET), 9 have Buy rating, 1 Sell and 6 Hold. Therefore 56% are positive. MetLife had 49 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Hold” on Monday, August 28. As per Wednesday, July 13, the company rating was downgraded by Deutsche Bank. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. The stock of MetLife, Inc. (NYSE:MET) has “Outperform” rating given on Friday, September 23 by Wells Fargo. The rating was upgraded by Raymond James on Friday, January 22 to “Strong Buy”. Citigroup downgraded the stock to “Neutral” rating in Tuesday, January 5 report. The company was maintained on Wednesday, August 9 by Argus Research. The company was maintained on Thursday, October 5 by Morgan Stanley. As per Tuesday, October 10, the company rating was downgraded by FBR Capital. Macquarie Research upgraded the stock to “Outperform” rating in Thursday, January 14 report.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It dropped, as 61 investors sold MET shares while 336 reduced holdings. 65 funds opened positions while 289 raised stakes. 784.85 million shares or 1.65% more from 772.09 million shares in 2017Q2 were reported. 8,281 are held by Quantitative Systematic Strategies Limited Liability Company. Dodge And Cox reported 1.66% in MetLife, Inc. (NYSE:MET). Carret Asset Limited Liability Corporation reported 117,611 shares stake. Eagle Asset, Florida-based fund reported 89,234 shares. River Road Asset Mgmt Limited Liability Company reported 1.04 million shares. Spirit Of America Corp New York has 8,375 shares. First Corporation In accumulated 0.07% or 1,926 shares. Yorktown Mngmt Research holds 0.36% in MetLife, Inc. (NYSE:MET) or 26,800 shares. Cypress Asset Mgmt Incorporated Tx holds 4,325 shares or 0.05% of its portfolio. Tci Wealth Advsr stated it has 1,657 shares or 0.04% of all its holdings. 25,560 are held by Intrust Financial Bank Na. Gofen & Glossberg Limited Liability Corp Il reported 0.71% in MetLife, Inc. (NYSE:MET). Birmingham Management Inc Al has 11,650 shares for 0.24% of their portfolio. Virtus Inv Advisers invested in 70,578 shares. 1832 Asset Ltd Partnership holds 6,789 shares or 0% of its portfolio.

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