Crossmark Global Holdings Inc. reduced its holdings in shares of IAA, Inc. (NYSE:IAA – Get Rating) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 10,738 shares of the company's stock after selling 602 shares during the period. Crossmark Global Holdings Inc.'s holdings in IAA were worth $429,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in shares of IAA by 64.1% in the second quarter. Quadrant Capital Group LLC now owns 750 shares of the company's stock worth $25,000 after purchasing an additional 293 shares during the last quarter. FMR LLC grew its holdings in shares of IAA by 7.1% in the second quarter. FMR LLC now owns 5,421 shares of the company's stock worth $178,000 after purchasing an additional 361 shares during the last quarter. Xponance Inc. grew its holdings in shares of IAA by 1.4% in the third quarter. Xponance Inc. now owns 27,107 shares of the company's stock worth $863,000 after purchasing an additional 368 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of IAA by 1.8% in the fourth quarter. State of Alaska Department of Revenue now owns 34,553 shares of the company's stock worth $1,381,000 after purchasing an additional 598 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of IAA by 104.0% in the first quarter. Covestor Ltd now owns 1,287 shares of the company's stock worth $49,000 after purchasing an additional 656 shares during the last quarter. Institutional investors own 99.77% of the company's stock.
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Separately, Robert W. Baird cut shares of IAA from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $46.00 to $44.00 in a report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.50.
IAA Stock Performance
Shares of IAA stock opened at $39.89 on Wednesday. The stock has a fifty day moving average of $40.97 and a 200 day moving average of $38.77. IAA, Inc. has a 52 week low of $31.50 and a 52 week high of $44.07. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 18.21 and a beta of 1.44. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.92.
IAA (NYSE:IAA – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. IAA had a return on equity of 67.28% and a net margin of 13.93%. The company had revenue of $523.50 million during the quarter, compared to analyst estimates of $524.55 million. During the same quarter last year, the firm posted $0.61 earnings per share. The firm's revenue was down 4.5% on a year-over-year basis. As a group, research analysts expect that IAA, Inc. will post 2.43 earnings per share for the current year.
IAA Company Profile
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IAA, Inc engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focus on a diverse set of global customers, providing buyers with rebuild requirements, replacement part inventory and scrap demand. It operates through the following segments: United States and International.
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