Epoch Investment Partners Inc. grew its stake in KAR Auction Services Inc (NYSE:KAR) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,710 shares of the specialty retailer’s stock after acquiring an additional 2,008 shares during the quarter. Epoch Investment Partners Inc. owned 0.08% of KAR Auction Services worth $5,283,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of KAR Auction Services during the fourth quarter valued at $33,000. Private Capital Group LLC lifted its holdings in shares of KAR Auction Services by 32.8% during the fourth quarter. Private Capital Group LLC now owns 993 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 245 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of KAR Auction Services by 13.4% during the fourth quarter. IFP Advisors Inc now owns 1,683 shares of the specialty retailer’s stock valued at $79,000 after purchasing an additional 199 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of KAR Auction Services during the third quarter valued at $100,000. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of KAR Auction Services by 9,598.4% during the third quarter. Rehmann Capital Advisory Group now owns 6,207 shares of the specialty retailer’s stock valued at $104,000 after purchasing an additional 6,143 shares in the last quarter. 97.83% of the stock is currently owned by institutional investors and hedge funds.

KAR stock opened at $48.59 on Friday. KAR Auction Services Inc has a fifty-two week low of $43.32 and a fifty-two week high of $64.55. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.56 and a beta of 1.10.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, February 19th. The specialty retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. KAR Auction Services had a return on equity of 26.46% and a net margin of 8.70%. The company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $936.37 million. On average, equities analysts predict that KAR Auction Services Inc will post 2.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 22nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, March 21st. KAR Auction Services’s dividend payout ratio is 47.30%.

KAR has been the topic of a number of research analyst reports. Zacks Investment Research raised KAR Auction Services from a “sell” rating to a “hold” rating in a report on Friday, November 16th. ValuEngine raised KAR Auction Services from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. SunTrust Banks lowered their price target on KAR Auction Services to $65.00 and set a “buy” rating on the stock in a report on Monday, January 7th. Barrington Research reaffirmed a “buy” rating on shares of KAR Auction Services in a report on Wednesday, February 20th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $56.00 price target on shares of KAR Auction Services in a report on Wednesday, February 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $63.00.

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KAR Auction Services Profile

KAR Auction Services, Inc, together with its subsidiaries, provides used car auction and salvage auction services in the United States, Canada, Mexico, and the United Kingdom. The company operates through three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities.

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

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