Bennicas & Associates Decreased Copart (CPRT) Position by $301,000 as Valuation Rose; As Csx (CSX) Valuation Declined, Alleghany Has Lifted Holding by $15.68 Million

May 27, 2018 - By Peter Erickson

CSX Corporation (NASDAQ:CSX) Logo

Bennicas & Associates Inc decreased its stake in Copart Inc. (CPRT) by 16.45% based on its latest 2017Q4 regulatory filing with the SEC. Bennicas & Associates Inc sold 7,000 shares as the company’s stock rose 15.32% while stock markets declined. The institutional investor held 35,550 shares of the consumer durables company at the end of 2017Q4, valued at $1.54 million, down from 42,550 at the end of the previous reported quarter. Bennicas & Associates Inc who had been investing in Copart Inc. for a number of months, seems to be less bullish one the $12.59B market cap company. The stock increased 2.92% or $1.54 during the last trading session, reaching $54.25. About 2.08M shares traded or 41.99% up from the average. Copart, Inc. (NASDAQ:CPRT) has risen 61.05% since May 27, 2017 and is uptrending. It has outperformed by 49.50% the S&P500.

Alleghany Corp increased its stake in Csx Corp (CSX) by 7.13% based on its latest 2017Q4 regulatory filing with the SEC. Alleghany Corp bought 285,000 shares as the company’s stock declined 0.55% with the market. The institutional investor held 4.29 million shares of the railroads company at the end of 2017Q4, valued at $235.72M, up from 4.00 million at the end of the previous reported quarter. Alleghany Corp who had been investing in Csx Corp for a number of months, seems to be bullish on the $56.82B market cap company. The stock increased 0.39% or $0.25 during the last trading session, reaching $64.68. About 3.35 million shares traded. CSX Corporation (NYSE:CSX) has risen 18.37% since May 27, 2017 and is uptrending. It has outperformed by 6.82% the S&P500.

Among 31 analysts covering CSX Corporation (NYSE:CSX), 20 have Buy rating, 2 Sell and 9 Hold. Therefore 65% are positive. CSX Corporation had 122 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of CSX Corporation (NASDAQ:CSX) earned “Overweight” rating by Barclays Capital on Monday, January 30. The stock of CSX Corporation (NASDAQ:CSX) earned “Underweight” rating by Morgan Stanley on Friday, April 6. Scotia Capital maintained the stock with “Buy” rating in Friday, December 15 report. The rating was maintained by RBC Capital Markets on Thursday, October 12 with “Buy”. The firm earned “Buy” rating on Monday, December 18 by J.P. Morgan. The stock has “Buy” rating by RBC Capital Markets on Wednesday, September 6. The rating was upgraded by Bank of America to “Buy” on Monday, February 22. The rating was maintained by UBS with “Buy” on Monday, October 16. The stock has “Outperform” rating by BMO Capital Markets on Monday, January 23. Stifel Nicolaus maintained CSX Corporation (NASDAQ:CSX) rating on Wednesday, June 28. Stifel Nicolaus has “Hold” rating and $5000 target.

Alleghany Corp, which manages about $3.37B US Long portfolio, decreased its stake in Berkshire Hathaway Inc Del (BRKB) by 3,917 shares to 496,083 shares, valued at $98.33 million in 2017Q4, according to the filing. It also reduced its holding in Amazon Com Inc (NASDAQ:AMZN) by 525 shares in the quarter, leaving it with 119,475 shares, and cut its stake in Roper Technologies Inc (NYSE:ROP).

Investors sentiment increased to 0.8 in Q4 2017. Its up 0.14, from 0.66 in 2017Q3. It is positive, as 66 investors sold CSX shares while 324 reduced holdings. 97 funds opened positions while 215 raised stakes. 602.87 million shares or 1.51% less from 612.12 million shares in 2017Q3 were reported. Smith & Howard Wealth Management Lc invested in 3,790 shares. Cookson Peirce And has 0.33% invested in CSX Corporation (NASDAQ:CSX). Bingham Osborn Scarborough Lc has invested 0.03% in CSX Corporation (NASDAQ:CSX). Oakbrook Invests Limited Liability Corporation holds 58,440 shares or 0.2% of its portfolio. Cushing Asset Management Limited Partnership owns 77,372 shares or 0.13% of their US portfolio. Moreover, Buckingham Capital Inc has 0.58% invested in CSX Corporation (NASDAQ:CSX). Southeast Asset stated it has 0.12% in CSX Corporation (NASDAQ:CSX). Northern Corporation owns 10.46 million shares for 0.15% of their portfolio. Timber Hill Limited Company holds 42,698 shares. Connors Investor Serv has 0.11% invested in CSX Corporation (NASDAQ:CSX). Schwerin Boyle Mgmt Inc accumulated 13,400 shares or 0.08% of the stock. Affinity Inv Advisors Limited holds 3,680 shares. 12,425 were reported by Godshalk Welsh Capital Mngmt. The Colorado-based Paragon Capital Ltd has invested 3.94% in CSX Corporation (NASDAQ:CSX). Brave Asset Management reported 10,959 shares stake.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Bizjournals.com which released: “CSX shareholders gather in Jax, here’s what they’re deciding” on May 18, 2018, also Nasdaq.com with their article: “CSX Corporation Chief Executive Officer to Address Wolfe Research Global Transportation Conference” published on May 16, 2018, Bizjournals.com published: “CSX ordered to pay $3.3 million after safety mishap” on May 07, 2018. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Bizjournals.com and their article: “CSX announces new safety steps, discusses workforce plans” published on May 18, 2018 as well as Nasdaq.com‘s news article titled: “CSX Corporation Chief Financial Officer to Address Bank of America Merrill Lynch Transportation Conference” with publication date: May 08, 2018.

Since May 2, 2018, it had 1 buying transaction, and 0 selling transactions for $299,550 activity.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.06, from 1.13 in 2017Q3. It improved, as 23 investors sold CPRT shares while 120 reduced holdings. 69 funds opened positions while 101 raised stakes. 170.87 million shares or 2.48% more from 166.73 million shares in 2017Q3 were reported. Montag And Caldwell Llc holds 0.02% or 17,240 shares in its portfolio. 4,531 were reported by Assetmark. State Street Corporation stated it has 0.02% in Copart, Inc. (NASDAQ:CPRT). 2,674 were reported by Huntington Comml Bank. The Massachusetts-based Acadian Asset Limited Liability has invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Frontier Invest Mngmt Co invested in 8,516 shares. Shelton Cap Mgmt has 15,434 shares. The Ontario – Canada-based Commercial Bank Of Montreal Can has invested 0% in Copart, Inc. (NASDAQ:CPRT). The Colorado-based Rocky Mountain Advisers Lc has invested 0.02% in Copart, Inc. (NASDAQ:CPRT). Sigma Planning Corporation holds 0.14% or 41,847 shares in its portfolio. Parametric Portfolio Associate Ltd holds 495,617 shares. Force Capital Management Lc reported 3.71% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Clearbridge Invs Ltd Liability Corporation has 0.15% invested in Copart, Inc. (NASDAQ:CPRT) for 3.73 million shares. Illinois-based Northern Tru has invested 0.02% in Copart, Inc. (NASDAQ:CPRT). Wolverine Asset Limited Liability Company stated it has 2,347 shares.

Another recent and important Copart, Inc. (NASDAQ:CPRT) news was published by Seekingalpha.com which published an article titled: “Copart, Inc. (CPRT) Management on Q3 2018 Results – Earnings Call Transcript” on May 25, 2018.

Among 14 analysts covering Copart (NASDAQ:CPRT), 4 have Buy rating, 0 Sell and 10 Hold. Therefore 29% are positive. Copart had 32 analyst reports since January 15, 2016 according to SRatingsIntel. Robert W. Baird maintained the shares of CPRT in report on Friday, December 22 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Friday, May 27. The stock has “Equal-Weight” rating by Stephens on Friday, May 18. The firm has “Buy” rating given on Monday, February 26 by Robert W. Baird. The firm has “Hold” rating given on Wednesday, October 18 by Jefferies. Stephens maintained the stock with “Hold” rating in Tuesday, January 16 report. The stock has “Neutral” rating by Bank of America on Monday, March 21. JP Morgan maintained the shares of CPRT in report on Friday, May 27 with “Neutral” rating. The stock has “Overweight” rating by Stephens on Monday, February 12. Jefferies maintained it with “Hold” rating and $55 target in Thursday, September 22 report.

Bennicas & Associates Inc, which manages about $195.04 million and $114.78 million US Long portfolio, upped its stake in General Electric (NYSE:GE) by 26,250 shares to 40,880 shares, valued at $713,000 in 2017Q4, according to the filing.

Since January 2, 2018, it had 0 insider buys, and 2 sales for $3.63 million activity. Blunt Matt sold $676,522 worth of Copart, Inc. (NASDAQ:CPRT) on Monday, March 12.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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