Macquarie Group Ltd. Has $5.51 Million Stake in IAA, Inc. (NYSE:IAA)

Macquarie Group Ltd. grew its stake in shares of IAA, Inc. (NYSE:IAA – Get Rating) by 23.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 171,860 shares of the company’s stock after buying an additional 32,287 shares during the period. Macquarie Group Ltd. owned approximately 0.13% of IAA worth $5,510,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in IAA by 14.7% in the first quarter. American Century Companies Inc. now owns 10,548 shares of the company’s stock valued at $403,000 after buying an additional 1,353 shares during the period. HighTower Advisors LLC lifted its stake in shares of IAA by 20.9% during the 1st quarter. HighTower Advisors LLC now owns 13,153 shares of the company’s stock worth $501,000 after buying an additional 2,270 shares during the last quarter. Citigroup Inc. raised its stake in IAA by 19.8% in the 1st quarter. Citigroup Inc. now owns 32,993 shares of the company’s stock worth $1,262,000 after purchasing an additional 5,457 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of IAA by 42.7% during the 1st quarter. MetLife Investment Management LLC now owns 93,239 shares of the company’s stock worth $3,566,000 after acquiring an additional 27,891 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of IAA by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,420 shares of the company’s stock worth $1,890,000 after acquiring an additional 4,712 shares during the period. Institutional investors own 99.77% of the company’s stock.

Analyst Upgrades and Downgrades

IAA has been the subject of several recent research reports. Robert W. Baird cut shares of IAA from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $44.00 in a research report on Thursday, January 5th. Northcoast Research downgraded shares of IAA from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 9th. CJS Securities lowered shares of IAA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 8th. Finally, Jefferies Financial Group lowered shares of IAA from a “buy” rating to a “hold” rating and cut their price objective for the company from $55.00 to $40.00 in a research report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $46.50.

IAA Stock Performance

Shares of IAA stock opened at $38.58 on Wednesday. IAA, Inc. has a 12 month low of $31.32 and a 12 month high of $44.07. The stock has a market cap of $5.16 billion, a PE ratio of 17.62 and a beta of 1.44. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.92. The company’s fifty day moving average price is $41.02 and its 200-day moving average price is $38.23.

IAA (NYSE:IAA – Get Rating) last announced its earnings results on Tuesday, February 21st. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. IAA had a net margin of 13.93% and a return on equity of 67.28%. The firm had revenue of $523.50 million for the quarter, compared to analysts’ expectations of $524.55 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities analysts expect that IAA, Inc. will post 2.5 EPS for the current fiscal year.

IAA Company Profile

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IAA, Inc engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focus on a diverse set of global customers, providing buyers with rebuild requirements, replacement part inventory and scrap demand. It operates through the following segments: United States and International.