IAA (NYSE:IAA) shares saw strong trading volume on Monday . 1,090,195 shares were traded during mid-day trading, a decline of 17% from the previous session’s volume of 1,311,196 shares.The stock last traded at $45.76 and had previously closed at $45.33.
Several equities analysts have recently commented on the stock. Barrington Research restated a “hold” rating on shares of IAA in a research report on Thursday, September 12th. Stephens restated an “overweight” rating and issued a $51.00 target price (up from $47.00) on shares of IAA in a research report on Wednesday, November 13th. Zacks Investment Research upgraded shares of IAA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. SunTrust Banks restated a “buy” rating and issued a $53.00 target price on shares of IAA in a research report on Wednesday, August 14th. Finally, CJS Securities upgraded shares of IAA to a “buy” rating and set a $51.00 target price for the company in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.71.
The company’s fifty day moving average is $40.54.
Several institutional investors have recently made changes to their positions in IAA. Vanguard Group Inc. bought a new stake in shares of IAA during the 2nd quarter valued at approximately $503,091,000. BlackRock Inc. bought a new stake in IAA during the 2nd quarter worth approximately $398,867,000. Boston Partners bought a new stake in IAA during the 2nd quarter worth approximately $181,542,000. First Manhattan Co. bought a new stake in IAA during the 2nd quarter worth approximately $162,230,000. Finally, Mawer Investment Management Ltd. bought a new stake in IAA during the 2nd quarter worth approximately $154,280,000. 97.91% of the stock is currently owned by institutional investors.
About IAA (NYSE:IAA)
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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