Handelsbanken Fonder AB lifted its holdings in IAA, Inc. (NYSE:IAA) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 405,925 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Handelsbanken Fonder AB’s holdings in IAA were worth $22,151,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in IAA. Independent Franchise Partners LLP lifted its stake in shares of IAA by 79.2% in the 2nd quarter. Independent Franchise Partners LLP now owns 2,805,811 shares of the company’s stock valued at $153,028,000 after purchasing an additional 1,240,195 shares during the last quarter. Cooke & Bieler LP lifted its position in IAA by 22.2% during the 2nd quarter. Cooke & Bieler LP now owns 5,888,112 shares of the company’s stock worth $321,137,000 after acquiring an additional 1,067,916 shares during the last quarter. State Street Corp lifted its position in IAA by 30.0% during the 2nd quarter. State Street Corp now owns 3,976,278 shares of the company’s stock worth $216,866,000 after acquiring an additional 916,493 shares during the last quarter. Caas Capital Management LP acquired a new position in IAA during the 2nd quarter worth $23,448,000. Finally, BlackRock Inc. lifted its position in IAA by 3.3% during the 2nd quarter. BlackRock Inc. now owns 12,992,157 shares of the company’s stock worth $708,592,000 after acquiring an additional 419,209 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on IAA. TheStreet raised shares of IAA from a “c” rating to a “b-” rating in a research report on Tuesday, November 2nd. Zacks Investment Research lowered shares of IAA from a “hold” rating to a “sell” rating in a research report on Wednesday, January 5th.
IAA (NYSE:IAA) last announced its quarterly earnings data on Tuesday, November 2nd. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The company had revenue of $420.70 million for the quarter, compared to analyst estimates of $411.13 million. IAA had a net margin of 17.05% and a return on equity of 166.24%. During the same period in the prior year, the company posted $0.41 EPS. As a group, equities analysts forecast that IAA, Inc. will post 2.39 earnings per share for the current year.
IAA Company Profile
IAA, Inc engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focuses on a diverse set of global customers, provide buyers with rebuild requirements, replacement part inventory and scrap demand. It operates through the following segments: United States and International.
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