Mutual of America Capital Management LLC boosted its holdings in shares of IAA, Inc. (NYSE:IAA – Get Rating) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,545 shares of the company’s stock after purchasing an additional 2,371 shares during the quarter. Mutual of America Capital Management LLC’s holdings in IAA were worth $4,955,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IAA. AE Wealth Management LLC bought a new stake in IAA during the 4th quarter valued at approximately $724,000. Russell Investments Group Ltd. raised its stake in IAA by 7.8% during the 4th quarter. Russell Investments Group Ltd. now owns 83,080 shares of the company’s stock valued at $4,204,000 after purchasing an additional 5,984 shares during the period. National Bank of Canada FI bought a new stake in IAA during the 4th quarter valued at approximately $56,000. New York State Teachers Retirement System raised its stake in IAA by 15.1% during the 4th quarter. New York State Teachers Retirement System now owns 115,731 shares of the company’s stock valued at $5,858,000 after purchasing an additional 15,177 shares during the period. Finally, Brown Advisory Inc. raised its stake in IAA by 0.4% during the 4th quarter. Brown Advisory Inc. now owns 4,072,139 shares of the company’s stock valued at $206,133,000 after purchasing an additional 14,702 shares during the period. Institutional investors own 99.68% of the company’s stock.
Analysts Set New Price Targets
IAA has been the subject of several research analyst reports. TheStreet upgraded IAA from a “d+” rating to a “c” rating in a report on Tuesday, June 14th. Barrington Research upgraded IAA from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Tuesday, May 10th. Finally, Guggenheim upgraded IAA from a “neutral” rating to a “buy” rating and set a $52.00 price target for the company in a report on Thursday, June 9th.
IAA Price Performance
IAA (NYSE:IAA – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The firm had revenue of $557.60 million during the quarter, compared to analysts’ expectations of $533.75 million. IAA had a return on equity of 106.58% and a net margin of 15.39%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. Equities analysts expect that IAA, Inc. will post 2.32 EPS for the current year.
IAA Company Profile
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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