IBM Retirement Fund trimmed its holdings in shares of IAA, Inc. (NYSE: IAA) by 7.5% in the 1st quarter, Holdings Channel reports.
The firm owned 4,561 shares of the company’s stock after selling 369 shares during the quarter. IBM Retirement Fund’s holdings in IAA were worth $251,000 at the end of the most recent quarter.
IBM Retirement Fund Reduces Stock Position in IAA, Inc. (NYSE: IAA)
Other institutional investors and hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its stake in IAA by 96.4% in the fourth quarter.
Whittier Trust Co. of Nevada Inc. now owns 550 shares of the company’s stock worth $36,000 after purchasing an additional 270 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of IAA in the 4th quarter valued at about $41,000.
Harvest Fund Management Co. Ltd acquired a new position in IAA during the 4th quarter valued at about $56,000. Captrust Financial Advisors grew its position in IAA by 117.8% during the 4th quarter. Captrust Financial Advisors now owns 1,407 shares of the company’s stock worth $91,000 after purchasing an additional 761 shares during the last quarter.
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Finally, Alpha Paradigm Partners LLC acquired a new position in shares of IAA in the fourth quarter valued at about $111,000.
IAA has been the subject of several recent analyst reports. Zacks Investment Research lowered IAA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 27th.
Northcoast Research raised IAA from a “neutral” rating to a “buy” rating in a research note on Friday, February 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.50.
Shares of NYSE IAA opened at $62.81 on Monday. The firm has a 50-day simple moving average of $57.92 and a 200-day simple moving average of $59.95.
The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 4.90, and a beta of 1.69. IAA, Inc. has a 52 week low of $32.13 and a 52 week high of $66.85.
IAA (NYSE: IAA) last announced its quarterly earnings data on Tuesday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05.
IAA had a net margin of 12.99% and a negative return on equity of 246.98%. The company had revenue of $383.50 million during the quarter, compared to analysts’ expectations of $364.46 million. Equities research analysts expect that IAA, Inc. will post 1.49 earnings per share for the current fiscal year.
IAA, Inc provides auction solutions for total loss, damaged, and low-value vehicles. The company’s platform facilitates the marketing and sale of a total loss, damaged, and low-value vehicles for a spectrum of sellers.
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Its solutions provide buyers with the vehicles need to, among other things, fulfill vehicle rebuild requirements, replacement part inventory, or scrap demand.
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