Argent Capital Management LLC Acquires 2,080 Shares of IAA, Inc. (NYSE:IAA)

Argent Capital Management LLC raised its stake in IAA, Inc. (NYSE:IAA) by 25.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,280 shares of the company’s stock after acquiring an additional 2,080 shares during the quarter. Argent Capital Management LLC’s holdings in IAA were worth $567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in IAA by 9.8% in the 1st quarter. BlackRock Inc. now owns 12,572,948 shares of the company’s stock valued at $693,274,000 after purchasing an additional 1,118,039 shares during the last quarter. MARSHALL WACE ASIA Ltd grew its position in IAA by 1.0% during the 4th quarter. MARSHALL WACE ASIA Ltd now owns 3,668,762 shares of the company’s stock worth $238,397,000 after acquiring an additional 36,490 shares during the last quarter. Brown Advisory Inc. increased its holdings in IAA by 3.9% in the 4th quarter. Brown Advisory Inc. now owns 3,631,591 shares of the company’s stock worth $235,980,000 after purchasing an additional 136,324 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of IAA by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,293,542 shares of the company’s stock valued at $214,014,000 after purchasing an additional 128,229 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of IAA by 6.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 3,265,918 shares of the company’s stock worth $212,219,000 after purchasing an additional 188,197 shares during the last quarter.

Shares of IAA opened at $53.53 on Friday. The business’s 50-day moving average is $58.34. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 8.77. The company has a market capitalization of $7.21 billion, a P/E ratio of 32.44 and a beta of 1.73. IAA, Inc. has a 1 year low of $36.76 and a 1 year high of $66.85.

IAA (NYSE:IAA) last released its quarterly earnings results on Tuesday, May 4th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.12. The firm had revenue of $423.50 million during the quarter, compared to analyst estimates of $391.61 million. IAA had a net margin of 15.44% and a return on equity of 669.99%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 EPS. On average, research analysts predict that IAA, Inc. will post 2.07 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of IAA from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Tuesday.

IAA Company Profile

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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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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