IBM Retirement Fund trimmed its holdings in shares of IAA, Inc. (NYSE:IAA) by 7.5% in the 1st quarter, Holdings Channel reports. The firm owned 4,561 shares of the company’s stock after selling 369 shares during the quarter. IBM Retirement Fund’s holdings in IAA were worth $251,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its stake in IAA by 96.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 550 shares of the company’s stock worth $36,000 after purchasing an additional 270 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of IAA in the 4th quarter valued at about $41,000. Harvest Fund Management Co. Ltd acquired a new position in IAA during the 4th quarter valued at about $56,000. Captrust Financial Advisors grew its position in IAA by 117.8% during the 4th quarter. Captrust Financial Advisors now owns 1,407 shares of the company’s stock worth $91,000 after purchasing an additional 761 shares during the last quarter. Finally, Alpha Paradigm Partners LLC acquired a new position in shares of IAA in the fourth quarter valued at about $111,000.
IAA has been the subject of several recent analyst reports. Zacks Investment Research lowered IAA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 27th. Northcoast Research raised IAA from a “neutral” rating to a “buy” rating in a research note on Friday, February 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.50.
Shares of NYSE IAA opened at $62.81 on Monday. The firm has a 50-day simple moving average of $57.92 and a 200-day simple moving average of $59.95. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 4.90 and a beta of 1.69. IAA, Inc. has a 52 week low of $32.13 and a 52 week high of $66.85.
IAA (NYSE:IAA) last announced its quarterly earnings data on Tuesday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. IAA had a net margin of 12.99% and a negative return on equity of 246.98%. The company had revenue of $383.50 million during the quarter, compared to analysts’ expectations of $364.46 million. Equities research analysts expect that IAA, Inc. will post 1.49 earnings per share for the current fiscal year.
IAA, Inc provides auction solutions for total loss, damaged, and low-value vehicles. The company's platform facilitates the marketing and sale of total loss, damaged, and low-value vehicles for a spectrum of sellers. Its solutions provide buyers with the vehicles need to, among other things, fulfill vehicle rebuild requirements, replacement part inventory, or scrap demand.
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