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

Swiss National Bank lessened its stake in shares of IAA, Inc. (NYSE:IAAGet Rating) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & 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 owned approximately 0.24% of IAA worth $10,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its position in IAA by 191.7% during the 2nd quarter. Lazard Asset Management LLC now owns 4,562 shares of the company’s stock valued at $149,000 after buying an additional 2,998 shares in the last quarter. Duality Advisers LP bought a new position in IAA during the 2nd quarter valued at approximately $2,802,000. Walleye Capital LLC increased its position in IAA by 59.3% during the 2nd quarter. Walleye Capital LLC now owns 122,665 shares of the company’s stock valued at $4,020,000 after buying an additional 45,665 shares in the last quarter. Baird Financial Group Inc. boosted its stake in IAA by 6.1% during the 2nd quarter. Baird Financial Group Inc. now owns 64,935 shares of the company’s stock valued at $2,128,000 after purchasing an additional 3,736 shares during the last quarter. Finally, Texas Permanent School Fund boosted its stake in IAA by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 96,664 shares of the company’s stock valued at $3,168,000 after purchasing an additional 1,064 shares during the last quarter. Institutional investors own 99.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on IAA. CJS Securities downgraded IAA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 8th. Barrington Research downgraded IAA from an “outperform” rating to an “underperform” rating in a research note on Monday, November 7th. Jefferies Financial Group downgraded IAA from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Tuesday, November 8th. Robert W. Baird cut their target price on IAA from $50.00 to $46.00 in a research note on Wednesday, August 10th. Finally, Northcoast Research downgraded IAA from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.60.

IAA Stock Down 1.4 %

IAA opened at $39.25 on Monday. IAA, Inc. has a 1-year low of $31.32 and a 1-year high of $52.20. The firm’s 50 day simple moving average is $35.99 and its two-hundred day simple moving average is $36.11. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $5.25 billion, a PE ratio of 18.26 and a beta of 1.59.

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

IAA Profile

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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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