IAA, Inc. (NYSE:IAA) Shares Sold by BlackRock Inc.

BlackRock Inc. cut its holdings in shares of IAA, Inc. (NYSE:IAA – Get Rating) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,228,272 shares of the company’s stock after selling 66,240 shares during the period. BlackRock Inc. owned about 8.39% of IAA worth $357,621,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Quadrant Capital Group LLC increased its holdings in IAA by 64.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 750 shares of the company’s stock worth $25,000 after purchasing an additional 293 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of IAA during the third quarter worth approximately $36,000. Covestor Ltd raised its holdings in IAA by 104.0% in the first quarter. Covestor Ltd now owns 1,287 shares of the company’s stock valued at $49,000 after acquiring an additional 656 shares in the last quarter. Lazard Asset Management LLC purchased a new position in IAA in the first quarter worth approximately $59,000. Finally, Neo Ivy Capital Management acquired a new position in IAA during the 2nd quarter worth approximately $77,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird cut shares of IAA from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $44.00 in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, IAA currently has an average rating of “Hold” and an average price target of $46.50.

IAA Stock Up 10.4 %

Shares of NYSE:IAA opened at $41.51 on Friday. The firm has a 50 day simple moving average of $40.98 and a 200-day simple moving average of $38.27. IAA, Inc. has a twelve month low of $31.50 and a twelve month high of $44.07. 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 has a market capitalization of $5.56 billion, a PE ratio of 18.95 and a beta of 1.44.

IAA (NYSE:IAA – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $523.50 million during the quarter, compared to analysts’ expectations of $524.55 million. IAA had a net margin of 13.93% and a return on equity of 67.28%. IAA’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. On average, equities analysts predict that IAA, Inc. will post 2.43 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.