Boston Partners grew its holdings in shares of KAR Auction Services, Inc (NYSE:KAR) by 15.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 640,752 shares of the company’s stock after purchasing an additional 85,676 shares during the quarter. Boston Partners owned approximately 0.47% of KAR Auction Services worth $30,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Janus Henderson Group PLC acquired a new position in shares of KAR Auction Services during the 2nd quarter valued at about $69,833,000. Bessemer Group Inc. boosted its position in shares of KAR Auction Services by 43.0% during the 2nd quarter. Bessemer Group Inc. now owns 3,115,698 shares of the company’s stock valued at $130,767,000 after acquiring an additional 937,368 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of KAR Auction Services by 18.6% during the 2nd quarter. Principal Financial Group Inc. now owns 5,867,365 shares of the company’s stock valued at $246,255,000 after acquiring an additional 918,735 shares during the last quarter. River Road Asset Management LLC acquired a new position in shares of KAR Auction Services during the 2nd quarter valued at about $37,096,000. Finally, Reinhart Partners Inc. acquired a new position in shares of KAR Auction Services during the 3rd quarter valued at about $25,515,000.

KAR Auction Services, Inc (NYSE:KAR) opened at C$48.49 on Monday. KAR Auction Services, Inc has a 1 year low of C$38.39 and a 1 year high of C$49.38. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market cap of $6,559.00, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, October 31st. The company reported C$0.57 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.51 by C$0.06. KAR Auction Services had a net margin of 6.94% and a return on equity of 22.37%. The company had revenue of C$843.00 million for the quarter, compared to analysts’ expectations of C$846.42 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. KAR Auction Services’s revenue for the quarter was up 6.8% compared to the same quarter last year. equities research analysts forecast that KAR Auction Services, Inc will post 2.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be given a $0.35 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $1.40 dividend on an annualized basis and a yield of 2.89%. This is a boost from KAR Auction Services’s previous quarterly dividend of $0.32. KAR Auction Services’s dividend payout ratio is presently 75.29%.

Several research analysts have recently weighed in on KAR shares. Zacks Investment Research raised shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Wednesday, November 1st. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of KAR Auction Services in a research report on Tuesday, September 12th. Stephens cut shares of KAR Auction Services from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $51.00 to $48.00 in a research report on Thursday, September 7th. BidaskClub raised shares of KAR Auction Services from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Gabelli cut shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$52.20.

In other KAR Auction Services news, COO Donald S. Gottwald sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$43.68, for a total value of C$436,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

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About KAR Auction Services

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

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Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

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