Swiss National Bank Sells 1,200 Shares of IAA, Inc. (NYSE:IAA)

Swiss National Bank reduced its position in IAA, Inc. (NYSE:IAAGet Rating) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,600 shares of the company’s stock after selling 1,200 shares during the period. Swiss National Bank’s holdings in IAA were worth $10,408,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Cooke & Bieler LP lifted its position in shares of IAA by 4.7% in the second quarter. Cooke & Bieler LP now owns 7,771,689 shares of the company’s stock worth $254,678,000 after buying an additional 351,073 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of IAA by 12.1% in the second quarter. Brown Advisory Inc. now owns 4,641,156 shares of the company’s stock worth $153,179,000 after buying an additional 502,467 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of IAA by 12.6% in the first quarter. Neuberger Berman Group LLC now owns 3,869,641 shares of the company’s stock worth $148,015,000 after buying an additional 431,805 shares in the last quarter. Discerene Group LP lifted its position in shares of IAA by 889.8% in the first quarter. Discerene Group LP now owns 3,710,404 shares of the company’s stock worth $141,923,000 after buying an additional 3,335,546 shares in the last quarter. Finally, Clarkston Capital Partners LLC purchased a new stake in shares of IAA in the first quarter worth about $108,467,000. 99.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IAA shares. Robert W. Baird decreased their target price on IAA from $50.00 to $46.00 in a research report on Wednesday, August 10th. CJS Securities cut IAA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 8th. Barrington Research cut IAA from an “outperform” rating to an “underperform” rating in a research note on Monday, November 7th. Jefferies Financial Group cut IAA from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $40.00 in a research note on Tuesday, November 8th. Finally, Northcoast Research cut IAA from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $47.60.

IAA Trading Down 1.4 %

IAA opened at $39.25 on Monday. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 18.26 and a beta of 1.59. The stock’s 50 day moving average price is $35.99 and its 200-day moving average price is $36.11. IAA, Inc. has a one year low of $31.32 and a one year high of $52.20. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.67 and a current ratio of 1.67.

IAA (NYSE:IAAGet Rating) last released its earnings results on Thursday, November 10th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The business had revenue of $497.50 million for the quarter, compared to the consensus estimate of $476.61 million. IAA had a net margin of 13.55% and a return on equity of 76.94%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. On average, equities analysts forecast that IAA, Inc. will post 2.32 EPS for the current year.

About IAA

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IAA, Inc operates a digital marketplace that connects vehicle buyers and sellers. The company's platform facilitates the marketing and sale of total loss, damaged, and low-value vehicles for a range of sellers. It provides buyers with various bidding/buying digital channels, vehicle merchandising, evaluation services and online bidding tools, and replacement part inventory.

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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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