IAA, Inc. (NYSE:IAA) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in IAA, Inc. (NYSE:IAA – Get Rating) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 158,042 shares of the company’s stock after selling 4,937 shares during the quarter. Peregrine Capital Management LLC’s holdings in IAA were worth $6,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC lifted its stake in shares of IAA by 64.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 750 shares of the company’s stock valued at $25,000 after purchasing an additional 293 shares in the last quarter. FMR LLC lifted its position in IAA by 7.1% during the 2nd quarter. FMR LLC now owns 5,421 shares of the company’s stock worth $178,000 after acquiring an additional 361 shares in the last quarter. Xponance Inc. lifted its position in IAA by 1.4% during the 3rd quarter. Xponance Inc. now owns 27,107 shares of the company’s stock worth $863,000 after acquiring an additional 368 shares in the last quarter. Covestor Ltd lifted its position in IAA by 104.0% during the 1st quarter. Covestor Ltd now owns 1,287 shares of the company’s stock worth $49,000 after acquiring an additional 656 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in IAA by 1.3% during the 3rd quarter. Treasurer of the State of North Carolina now owns 57,355 shares of the company’s stock worth $1,827,000 after acquiring an additional 740 shares in the last quarter. 99.77% of the stock is owned by institutional investors and hedge funds.

IAA Stock Performance

IAA stock opened at $39.93 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.75 and a current ratio of 1.75. IAA, Inc. has a one year low of $31.50 and a one year high of $44.07. The stock’s 50 day moving average price is $41.03 and its 200 day moving average price is $38.42. The firm has a market capitalization of $5.35 billion, a PE ratio of 18.23 and a beta of 1.44.

IAA (NYSE:IAA – Get Rating) last posted its quarterly earnings data on Tuesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. IAA had a return on equity of 67.28% and a net margin of 13.93%. The company had revenue of $523.50 million for the quarter, compared to the consensus estimate of $524.55 million. During the same period in the previous year, the business earned $0.61 EPS. IAA’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that IAA, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered IAA from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $44.00 in a research report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.50.

IAA Company Profile

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IAA, Inc engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focus on a diverse set of global customers, providing buyers with rebuild requirements, replacement part inventory and scrap demand. It operates through the following segments: United States and International.