Raymond James Financial Inc. bought a new stake in Karooooo Ltd. (NASDAQ:KARO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,054 shares of the company's stock, valued at approximately $635,000.
Several other large investors have also modified their holdings of the stock. Capricorn Fund Managers Ltd acquired a new stake in shares of Karooooo during the 4th quarter valued at approximately $6,146,000. Schwartz Investment Counsel Inc. grew its holdings in shares of Karooooo by 17.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 60,566 shares of the company's stock valued at $2,735,000 after purchasing an additional 8,881 shares during the last quarter. New York State Common Retirement Fund bought a new stake in Karooooo in the fourth quarter valued at $26,000. Jupiter Asset Management Ltd. grew its position in Karooooo by 0.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 236,972 shares of the company's stock worth $10,699,000 after purchasing an additional 1,387 shares during the last quarter. Finally, Polen Capital Management LLC increased its position in Karooooo by 24.8% in the 4th quarter. Polen Capital Management LLC now owns 13,273 shares of the company's stock valued at $599,000 after acquiring an additional 2,639 shares during the period.
Karooooo Stock Performance
Shares of KARO traded up $0.79 during mid-day trading on Friday, hitting $45.19. The company's stock had a trading volume of 23,316 shares, compared to its average volume of 31,685. Karooooo Ltd. has a one year low of $25.80 and a one year high of $50.54. The stock's 50-day moving average is $41.61 and its two-hundred day moving average is $43.70. The firm has a market capitalization of $1.40 billion, a PE ratio of 28.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.24 and a current ratio of 1.25.
Analyst Upgrades and Downgrades
Separately, Raymond James reiterated an "outperform" rating and issued a $51.00 target price (up from $46.00) on shares of Karooooo in a report on Thursday, January 16th.
View Our Latest Stock Analysis on KARO
Karooooo Profile
(
Free Report)
Karooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics.
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