S. Muoio & CO. LLC Makes New $5.07 Million Investment in IAA (NYSE:IAA)

S. Muoio & CO. LLC acquired a new stake in shares of IAA (NYSE:IAA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 130,598 shares of the company’s stock, valued at approximately $5,065,000. IAA accounts for 4.1% of S. Muoio & CO. LLC’s portfolio, making the stock its 5th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Advisor Group Inc. bought a new position in shares of IAA during the second quarter valued at $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of IAA in the second quarter valued at about $33,000. Cornerstone Advisors Inc. bought a new position in shares of IAA in the second quarter valued at about $35,000. Flagship Harbor Advisors LLC bought a new position in shares of IAA in the second quarter valued at about $62,000. Finally, Pendal Group Ltd bought a new position in shares of IAA in the second quarter valued at about $153,000.

Shares of IAA stock traded up $0.10 during trading on Friday, reaching $44.16. The company’s stock had a trading volume of 31,602 shares, compared to its average volume of 1,286,460. The stock has a 50-day moving average of $44.48. IAA has a one year low of $38.08 and a one year high of $48.49.

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, beating the Zacks’ consensus estimate of $0.36 by $0.08. The business had revenue of $366.40 million during the quarter, compared to the consensus estimate of $357.90 million. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Equities analysts predict that IAA will post 1.49 EPS for the current fiscal year.

A number of research analysts recently issued reports on IAA shares. Guggenheim started coverage on IAA in a report on Tuesday, July 2nd. They issued a “buy” rating and a $48.00 price target for the company. Northcoast Research reaffirmed a “neutral” rating on shares of IAA in a report on Monday, July 1st. Barrington Research reaffirmed a “hold” rating on shares of IAA in a report on Monday. Jefferies Financial Group started coverage on IAA in a report on Wednesday, July 31st. They issued a “buy” rating and a $55.00 price target for the company. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $53.00 price target on shares of IAA in a report on Wednesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. IAA has an average rating of “Buy” and an average price target of $48.80.

About 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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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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