Reinhart Partners Inc. Has $3.51 Million Stock Holdings in IAA (NYSE:IAA)

Reinhart Partners Inc. lessened its stake in shares of IAA (NYSE:IAA) by 77.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,159 shares of the company’s stock after selling 288,064 shares during the period. Reinhart Partners Inc. owned 0.06% of IAA worth $3,512,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IAA. Riverview Trust Co bought a new position in shares of IAA during the 3rd quarter valued at about $29,000. Advisor Group Inc. purchased a new position in IAA during the second quarter valued at approximately $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in IAA during the second quarter valued at approximately $33,000. Crewe Advisors LLC purchased a new position in IAA during the second quarter valued at approximately $34,000. Finally, Cornerstone Advisors Inc. purchased a new position in IAA during the second quarter valued at approximately $35,000. Institutional investors own 93.80% of the company’s stock.

NYSE IAA traded up $0.13 on Friday, hitting $38.24. The stock had a trading volume of 863,498 shares, compared to its average volume of 1,295,275. The business has a fifty day moving average of $39.61. IAA has a 52-week low of $34.96 and a 52-week high of $49.96.

IAA (NYSE:IAA) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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. During the same period in the prior year, the firm posted $0.41 earnings per share. IAA’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts forecast that IAA will post 1.59 EPS for the current year.

Several equities analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of IAA in a report on Wednesday, July 31st. They set a “buy” rating and a $55.00 price objective on the stock. SunTrust Banks reissued a “buy” rating and set a $53.00 price objective on shares of IAA in a report on Wednesday, August 14th. Zacks Investment Research lowered shares of IAA from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Barrington Research reaffirmed a “hold” rating on shares of IAA in a report on Thursday, September 12th. Finally, CJS Securities lowered shares of IAA from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. IAA currently has an average rating of “Buy” and a consensus target price of $49.67.

IAA Company 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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