36,283 Shares in Karooooo Ltd. $KARO Acquired by Aurora Investment Counsel

Aurora Investment Counsel bought a new position in shares of Karooooo Ltd. (NASDAQ:KARO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 36,283 shares of the company’s stock, valued at approximately $1,651,000. Aurora Investment Counsel owned about 0.12% of Karooooo as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of KARO. Geode Capital Management LLC boosted its position in Karooooo by 56.6% during the second quarter. Geode Capital Management LLC now owns 29,892 shares of the company’s stock worth $1,464,000 after acquiring an additional 10,799 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Karooooo by 216.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,089 shares of the company’s stock valued at $396,000 after purchasing an additional 5,529 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Karooooo in the 2nd quarter valued at $1,378,000. New York State Common Retirement Fund boosted its holdings in shares of Karooooo by 465.6% in the 2nd quarter. New York State Common Retirement Fund now owns 3,258 shares of the company’s stock valued at $160,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Karooooo in the 2nd quarter valued at $156,000.

Karooooo Stock Performance

Shares of KARO stock opened at $47.27 on Friday. The company’s fifty day simple moving average is $48.82 and its 200-day simple moving average is $47.64. Karooooo Ltd. has a 52 week low of $41.25 and a 52 week high of $60.53. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.46 billion, a PE ratio of 25.55 and a beta of 0.89.

Karooooo (NASDAQ:KARO) last issued its earnings results on Tuesday, April 14th. The company reported $0.45 EPS for the quarter. Karooooo had a net margin of 18.07% and a return on equity of 31.26%. The business had revenue of $90.93 million for the quarter. As a group, equities research analysts anticipate that Karooooo Ltd. will post 2.37 EPS for the current year.

Karooooo Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, July 17th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a dividend yield of 347.0%. This is a boost from Karooooo’s previous annual dividend of $1.25. Karooooo’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Karooooo in a report on Friday, April 24th. Needham & Company LLC reiterated a “buy” rating on shares of Karooooo in a report on Wednesday, June 3rd. UBS Group decreased their price target on shares of Karooooo from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Roth Mkm reiterated a “buy” rating and issued a $68.00 price target on shares of Karooooo in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Karooooo from a “hold” rating to a “buy” rating in a report on Saturday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.20.

Karooooo Profile

Karooooo Ltd is a global provider of telematics software-as-a-service solutions for vehicle and fleet management. Through its flagship platform, the company delivers real-time GPS tracking, stolen vehicle recovery and driver behaviour analytics, enabling commercial fleets and automotive insurers to optimise operations, increase safety and reduce costs.

Karooooo’s SaaS platform integrates proprietary hardware devices with cloud-based analytics and mobile applications. Customers gain access to live vehicle location data, engine diagnostics, route planning tools and customizable reporting dashboards.