Teachers Retirement System of The State of Kentucky Trims Holdings in IAA, Inc. (NYSE:IAA)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of IAA, Inc. (NYSE:IAA) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 124,050 shares of the company’s stock after selling 9,134 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in IAA were worth $8,061,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IAA. LPL Financial LLC boosted its stake in shares of IAA by 10.5% during the 3rd quarter. LPL Financial LLC now owns 9,572 shares of the company’s stock valued at $498,000 after buying an additional 906 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of IAA during the 3rd quarter valued at approximately $47,000. Great West Life Assurance Co. Can raised its position in shares of IAA by 16.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 10,995 shares of the company’s stock valued at $457,000 after acquiring an additional 1,560 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of IAA during the 3rd quarter valued at approximately $493,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of IAA during the 3rd quarter valued at approximately $258,000.

Shares of NYSE IAA opened at $56.39 on Thursday. IAA, Inc. has a 1-year low of $28.06 and a 1-year high of $66.85. The business’s fifty day moving average price is $57.17 and its two-hundred day moving average price is $59.10. The firm has a market capitalization of $7.59 billion, a PE ratio of 43.05, a P/E/G ratio of 4.90 and a beta of 1.69.

IAA (NYSE:IAA) last issued its earnings results on Tuesday, February 16th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. IAA had a negative return on equity of 246.98% and a net margin of 12.99%. The firm had revenue of $383.50 million for the quarter, compared to analyst estimates of $364.46 million. On average, equities research analysts predict that IAA, Inc. will post 1.49 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. Northcoast Research raised IAA from a “neutral” rating to a “buy” rating in a research report on Friday, February 5th. Zacks Investment Research lowered IAA from a “buy” rating to a “hold” rating in a research report on Thursday, February 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. IAA currently has a consensus rating of “Buy” and a consensus target price of $56.42.

IAA Company Profile

IAA, Inc provides auction solutions for total loss, damaged, and low-value vehicles. The company's platform facilitates the marketing and sale of total loss, damaged, and low-value vehicles for a spectrum of sellers. Its solutions provide buyers with the vehicles need to, among other things, fulfill vehicle rebuild requirements, replacement part inventory, or scrap demand.

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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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