O Shares Investment Advisers LLC Takes Position in IAA (NYSE:IAA)

O Shares Investment Advisers LLC bought a new stake in shares of IAA (NYSE:IAA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,614 shares of the company’s stock, valued at approximately $489,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. purchased a new position in IAA during the 2nd quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in IAA during the 2nd quarter valued at about $33,000. Crewe Advisors LLC purchased a new position in IAA during the 2nd quarter valued at about $34,000. Cornerstone Advisors Inc. purchased a new position in IAA during the 2nd quarter valued at about $35,000. Finally, FTB Advisors Inc. purchased a new position in IAA during the 2nd quarter valued at about $34,000. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

IAA stock traded down $0.77 during trading hours on Tuesday, hitting $43.55. The stock had a trading volume of 272,527 shares, compared to its average volume of 678,623. IAA has a 12-month low of $38.08 and a 12-month high of $49.96. The stock has a 50-day simple moving average of $46.64.



IAA (NYSE:IAA) last issued its earnings results on Tuesday, August 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The firm had revenue of $366.40 million during the quarter, compared to analysts’ expectations of $357.90 million. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. On average, research analysts forecast that IAA will post 1.6 earnings per share for the current fiscal year.

IAA has been the subject of a number of recent research reports. Robert W. Baird initiated coverage on shares of IAA in a research report on Friday, June 28th. They set an “outperform” rating for the company. CJS Securities cut shares of IAA from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 14th. Zacks Investment Research raised shares of IAA from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a report on Thursday, August 29th. 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 for the company. Finally, Stephens assumed coverage on shares of IAA in a report on Monday, July 1st. They issued an “overweight” rating and a $45.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $49.67.

IAA 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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