Healthcare of Ontario Pension Plan Trust Fund Sells 47,535 Shares of IAA, Inc. (NYSE:IAA)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in IAA, Inc. (NYSE:IAAGet Rating) by 46.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,765 shares of the company’s stock after selling 47,535 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in IAA were worth $1,795,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Cooke & Bieler LP increased its holdings in shares of IAA by 4.7% in the 2nd 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 during the last quarter. Brown Advisory Inc. increased its holdings in shares of IAA by 12.1% in the 2nd 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 during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of IAA by 12.6% in the 1st 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 during the last quarter. Discerene Group LP increased its holdings in shares of IAA by 889.8% in the 1st 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 during the last quarter. Finally, Clarkston Capital Partners LLC bought a new stake in shares of IAA in the 1st quarter worth about $108,467,000. 99.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IAA. CJS Securities downgraded shares of IAA from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 8th. Barrington Research downgraded shares of IAA from an “outperform” rating to an “underperform” rating in a report on Monday, November 7th. Robert W. Baird cut their price target on shares of IAA from $50.00 to $46.00 in a report on Wednesday, August 10th. Jefferies Financial Group downgraded shares of IAA from a “buy” rating to a “hold” rating and cut their price target for the company from $55.00 to $40.00 in a report on Tuesday, November 8th. Finally, Northcoast Research downgraded shares of IAA from a “buy” rating to a “neutral” rating in a report 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 company. According to data from MarketBeat, IAA has an average rating of “Hold” and an average target price of $47.60.

IAA Price Performance

Shares of IAA stock opened at $37.71 on Thursday. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $5.04 billion, a P/E ratio of 17.54 and a beta of 1.59. The company’s 50-day simple moving average is $36.08 and its two-hundred day simple moving average is $36.16. IAA, Inc. has a one year low of $31.32 and a one year high of $52.20.

IAA (NYSE:IAAGet Rating) last issued its earnings results on Monday, November 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). IAA had a return on equity of 76.94% and a net margin of 13.55%. The company had revenue of $497.50 million during the quarter, compared to the consensus estimate of $476.61 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. IAA’s revenue was up 18.3% on a year-over-year basis. As a group, equities analysts anticipate 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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