New York State Common Retirement Fund grew its position in IAA, Inc. (NYSE:IAA – Get Rating) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 396,444 shares of the company's stock after purchasing an additional 1,807 shares during the quarter. New York State Common Retirement Fund owned approximately 0.30% of IAA worth $15,858,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its position in IAA by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 39,358 shares of the company's stock worth $1,574,000 after acquiring an additional 288 shares during the period. State of Michigan Retirement System boosted its stake in IAA by 0.9% during the fourth quarter. State of Michigan Retirement System now owns 34,030 shares of the company's stock worth $1,361,000 after buying an additional 300 shares in the last quarter. FMR LLC boosted its stake in IAA by 7.1% during the second quarter. FMR LLC now owns 5,421 shares of the company's stock worth $178,000 after buying an additional 361 shares in the last quarter. Xponance Inc. boosted its stake in IAA by 1.4% during the third quarter. Xponance Inc. now owns 27,107 shares of the company's stock worth $863,000 after buying an additional 368 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in IAA by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 34,553 shares of the company's stock worth $1,381,000 after buying an additional 598 shares in the last quarter. Institutional investors own 99.77% of the company's stock.
Get IAA alerts:IAA Stock Down 0.1 %
Shares of NYSE:IAA opened at $39.89 on Wednesday. IAA, Inc. has a 52 week low of $31.50 and a 52 week high of $44.07. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.75 and a current ratio of 1.75. The company's fifty day moving average is $40.64 and its 200-day moving average is $39.19. The company has a market capitalization of $5.34 billion, a PE ratio of 18.21 and a beta of 1.44.
IAA (NYSE:IAA – Get Rating) last issued its earnings results on Tuesday, February 21st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. IAA had a net margin of 13.93% and a return on equity of 67.28%. The company had revenue of $523.50 million for the quarter, compared to the consensus estimate of $524.55 million. During the same quarter in the previous year, the company earned $0.61 EPS. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts predict that IAA, Inc. will post 2.43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird downgraded shares of IAA from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $46.00 to $44.00 in a research note on Thursday, January 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.50.
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.
Further Reading
- Get a free copy of the StockNews.com research report on IAA (IAA)
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