Offit Capital Advisors LLC bought a new position in shares of IAA, Inc. (NYSE:IAA – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,166 shares of the company’s stock, valued at approximately $389,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Discerene Group LP grew its position in IAA by 889.8% in the first quarter. Discerene Group LP now owns 3,710,404 shares of the company’s stock valued at $141,923,000 after acquiring an additional 3,335,546 shares in the last quarter. Clarkston Capital Partners LLC acquired a new stake in IAA in the first quarter valued at approximately $108,467,000. Eminence Capital LP acquired a new stake in IAA in the first quarter valued at approximately $70,164,000. Cooke & Bieler LP grew its position in IAA by 16.8% in the first quarter. Cooke & Bieler LP now owns 7,420,616 shares of the company’s stock valued at $283,839,000 after acquiring an additional 1,068,218 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in IAA by 147.3% in the first quarter. Goldman Sachs Group Inc. now owns 982,669 shares of the company’s stock valued at $37,587,000 after acquiring an additional 585,236 shares in the last quarter. Institutional investors and hedge funds own 99.63% of the company’s stock.
IAA Stock Performance
Shares of IAA opened at $33.72 on Friday. The business’s fifty day moving average price is $36.33 and its 200 day moving average price is $36.52. IAA, Inc. has a 12-month low of $31.32 and a 12-month high of $61.17. The stock has a market capitalization of $4.51 billion, a PE ratio of 14.92 and a beta of 1.55. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.70 and a quick ratio of 1.70.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on IAA shares. Guggenheim raised shares of IAA from a “neutral” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, June 9th. Robert W. Baird decreased their price target on shares of IAA from $50.00 to $46.00 in a research report on Wednesday, August 10th. Finally, TheStreet raised shares of IAA from a “d+” rating to a “c” rating in a research report on Tuesday, June 14th.
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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