Principal Financial Group Inc. Acquires 8,361 Shares of IAA, Inc. (NYSE:IAA)

Principal Financial Group Inc. increased its holdings in IAA, Inc. (NYSE:IAA) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 472,530 shares of the company’s stock after buying an additional 8,361 shares during the period. Principal Financial Group Inc. owned 0.35% of IAA worth $25,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IAA. Envestnet Asset Management Inc. boosted its holdings in IAA by 8.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 100,634 shares of the company’s stock worth $5,549,000 after buying an additional 8,127 shares during the period. Alliancebernstein L.P. boosted its holdings in IAA by 1.5% in the 1st quarter. Alliancebernstein L.P. now owns 221,673 shares of the company’s stock worth $12,223,000 after buying an additional 3,361 shares during the period. Arizona State Retirement System boosted its holdings in IAA by 0.8% in the 1st quarter. Arizona State Retirement System now owns 39,143 shares of the company’s stock worth $2,158,000 after buying an additional 298 shares during the period. Fifth Third Bancorp boosted its holdings in IAA by 50.1% in the 1st quarter. Fifth Third Bancorp now owns 5,140 shares of the company’s stock worth $283,000 after buying an additional 1,716 shares during the period. Finally, Swiss National Bank boosted its holdings in IAA by 1.5% in the 1st quarter. Swiss National Bank now owns 307,200 shares of the company’s stock worth $16,939,000 after buying an additional 4,400 shares during the period. 99.70% of the stock is owned by institutional investors.

Shares of NYSE:IAA opened at $55.47 on Thursday. The firm has a fifty day moving average price of $55.22 and a two-hundred day moving average price of $56.39. The company has a debt-to-equity ratio of 4.93, a current ratio of 2.51 and a quick ratio of 2.51. IAA, Inc. has a one year low of $49.42 and a one year high of $66.85. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 27.60 and a beta of 1.70.

IAA (NYSE:IAA) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.14. IAA had a net margin of 17.13% and a return on equity of 266.73%. The firm had revenue of $445.10 million during the quarter, compared to the consensus estimate of $415.86 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 50.0% compared to the same quarter last year. Equities research analysts expect that IAA, Inc. will post 2.28 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded shares of IAA from a “buy” rating to a “hold” rating in a report on Monday, September 13th.

IAA Company Profile

IAA, Inc engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focuses on a diverse set of global customers, provide buyers with rebuild requirements, replacement part inventory and scrap demand. It operates through the following segments: United States and International.

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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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