State of Alaska Department of Revenue bought a new position in shares of IAA (NYSE:IAA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,667 shares of the company’s stock, valued at approximately $606,000.

Other institutional investors also recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new stake in IAA during the second quarter worth $326,000. KAMES CAPITAL plc purchased a new stake in shares of IAA during the 2nd quarter valued at $23,638,000. Clear Street Markets LLC purchased a new stake in shares of IAA during the 2nd quarter valued at $2,118,000. First National Bank of Omaha purchased a new stake in shares of IAA during the 2nd quarter valued at $3,812,000. Finally, Cornerstone Advisors Inc. purchased a new stake in shares of IAA during the 2nd quarter valued at $35,000.

IAA has been the subject of several analyst reports. Wolfe Research set a $69.00 price objective on Delta Air Lines and gave the company a “buy” rating in a report on Friday, July 12th. Barrington Research initiated coverage on IAA in a report on Monday, July 8th. They set a “market perform” rating and a $43.00 price objective for the company. Guggenheim increased their price objective on Equinix from $505.00 to $540.00 and gave the company a “sell” rating in a report on Tuesday, July 2nd. Northcoast Research reiterated a “neutral” rating on shares of IAA in a report on Monday, July 1st. Finally, Stephens set a $112.00 price objective on Genesee & Wyoming and gave the company a “hold” rating in a report on Monday, July 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. IAA currently has a consensus rating of “Buy” and an average target price of $45.75.

IAA stock traded up $0.80 during midday trading on Friday, reaching $47.47. The stock had a trading volume of 777,403 shares, compared to its average volume of 1,933,407. IAA has a 52-week low of $38.08 and a 52-week high of $47.81.

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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