Keybank National Association OH Invests $531,000 in IAA (NYSE:IAA)

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Keybank National Association OH acquired a new position in shares of IAA (NYSE:IAA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,690 shares of the company’s stock, valued at approximately $531,000.

Other hedge funds also recently made changes to their positions in the company. Advisor Group Inc. purchased a new position in shares of IAA during the 2nd quarter worth about $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in IAA in the second quarter valued at approximately $33,000. Cornerstone Advisors Inc. purchased a new position in IAA in the second quarter valued at approximately $35,000. Flagship Harbor Advisors LLC purchased a new position in IAA in the second quarter valued at approximately $62,000. Finally, Pendal Group Ltd purchased a new position in IAA in the second quarter valued at approximately $153,000.

IAA has been the topic of several research reports. Robert W. Baird initiated coverage on shares of IAA in a report on Friday, June 28th. They issued an “outperform” rating on the stock. Barrington Research restated a “hold” rating on shares of IAA in a report on Monday, August 12th. CJS Securities lowered shares of IAA from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 14th. Wolfe Research initiated coverage on shares of IAA in a report on Friday, July 12th. They issued an “outperform” rating on the stock. Finally, Northcoast Research restated a “neutral” rating on shares of IAA in a report on Monday, July 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. IAA currently has an average rating of “Buy” and an average price target of $48.80.

NYSE IAA opened at $47.30 on Wednesday. IAA has a one year low of $38.08 and a one year high of $48.49. The firm has a 50 day simple moving average of $44.53.

IAA (NYSE:IAA) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. The firm had revenue of $366.40 million for the quarter, compared to analysts’ expectations of $357.90 million. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, equities analysts expect that IAA will post 1.59 EPS for the current fiscal year.

IAA Company Profile

IAA, Inc provides salvage vehicle auctions and related services. It offers salvage auction services, such as inbound transportation logistics, inspection, evaluation, salvage recovery, titling, and settlement administrative services. The company's salvage auctions facilitate the remarketing of damaged vehicles designated as total losses by insurance companies, charity donation vehicles, recovered stolen (or theft) vehicles, and low value used vehicles through live and online auctions.

Further Reading: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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