Janus Henderson Group PLC bought a new stake in IAA (NYSE:IAA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,414,060 shares of the company’s stock, valued at approximately $132,397,000.
A number of other large investors have also recently bought and sold shares of IAA. Bessemer Group Inc. acquired a new position in IAA in the 2nd quarter valued at about $105,420,000. Sarasin & Partners LLP acquired a new position in IAA in the 2nd quarter valued at about $51,379,000. Bodenholm Capital AB acquired a new position in IAA in the 2nd quarter valued at about $28,069,000. KAMES CAPITAL plc acquired a new position in IAA in the 2nd quarter valued at about $23,638,000. Finally, Clarkston Capital Partners LLC acquired a new position in IAA in the 2nd quarter valued at about $21,009,000.
Several equities analysts have weighed in on the stock. Northcoast Research reiterated a “neutral” rating on shares of IAA in a report on Monday, July 1st. Guggenheim assumed coverage on shares of IAA in a report on Tuesday, July 2nd. They issued a “buy” rating and a $48.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of IAA in a report on Wednesday, July 31st. They issued a “buy” rating and a $55.00 target price on the stock. SunTrust Banks reiterated a “buy” rating and issued a $53.00 target price on shares of IAA in a report on Wednesday. Finally, Wolfe Research initiated coverage on shares of IAA in a research note on Friday, July 12th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $48.80.
IAA (NYSE:IAA) last announced its earnings results on Tuesday, August 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.08. The business had revenue of $366.40 million for the quarter, compared to analysts’ expectations of $357.90 million. During the same period in the previous year, the company earned $0.41 earnings per share. IAA’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts forecast that IAA will post 1.38 earnings per share for the current year.
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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