D.B. Root & Company LLC Increases Position in IAA (NYSE:IAA)

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D.B. Root & Company LLC boosted its holdings in shares of IAA (NYSE:IAA) by 53.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,365 shares of the company’s stock after acquiring an additional 4,289 shares during the period. D.B. Root & Company LLC’s holdings in IAA were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Riverview Trust Co acquired a new position in IAA in the 3rd quarter valued at about $29,000. Webster Bank N. A. boosted its holdings in IAA by 91.8% in the 3rd quarter. Webster Bank N. A. now owns 934 shares of the company’s stock valued at $39,000 after purchasing an additional 447 shares during the last quarter. Endurance Wealth Management Inc. acquired a new position in IAA in the 3rd quarter valued at about $46,000. Quadrant Capital Group LLC acquired a new position in IAA in the 3rd quarter valued at about $49,000. Finally, Captrust Financial Advisors acquired a new position in IAA in the 2nd quarter valued at about $65,000. 97.46% of the stock is owned by institutional investors.

NYSE:IAA opened at $48.27 on Wednesday. The company’s 50-day moving average is $46.38 and its two-hundred day moving average is $43.92. IAA has a 1-year low of $34.96 and a 1-year high of $49.96.

IAA (NYSE:IAA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $357.30 million during the quarter, compared to analyst estimates of $347.31 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Equities analysts expect that IAA will post 1.59 EPS for the current fiscal year.

Several research firms have weighed in on IAA. Northcoast Research upgraded shares of IAA from a “neutral” rating to a “buy” rating in a report on Wednesday, December 4th. Stephens reiterated an “overweight” rating and issued a $51.00 target price (up from $47.00) on shares of IAA in a report on Wednesday, November 13th. Zacks Investment Research upgraded shares of IAA from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, CJS Securities upgraded shares of IAA to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.71.

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.

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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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