Thompson Siegel & Walmsley LLC increased its holdings in KAR Auction Services, Inc (NYSE:KAR) by 139,965.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,276 shares of the specialty retailer’s stock after buying an additional 587,856 shares during the period. Thompson Siegel & Walmsley LLC owned 0.43% of KAR Auction Services worth $28,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KAR. Vanguard Group Inc. increased its stake in KAR Auction Services by 0.5% in the second quarter. Vanguard Group Inc. now owns 11,344,446 shares of the specialty retailer’s stock valued at $476,126,000 after acquiring an additional 57,704 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of KAR Auction Services by 18.6% during the second quarter. Principal Financial Group Inc. now owns 5,867,365 shares of the specialty retailer’s stock worth $246,255,000 after buying an additional 918,735 shares during the last quarter. BlackRock Inc. grew its stake in shares of KAR Auction Services by 1.9% during the second quarter. BlackRock Inc. now owns 5,726,037 shares of the specialty retailer’s stock worth $240,320,000 after buying an additional 107,601 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of KAR Auction Services by 2.9% during the third quarter. Bessemer Group Inc. now owns 3,207,071 shares of the specialty retailer’s stock worth $153,105,000 after buying an additional 91,373 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of KAR Auction Services by 5.0% during the second quarter. Schroder Investment Management Group now owns 2,730,979 shares of the specialty retailer’s stock worth $114,045,000 after buying an additional 130,936 shares during the last quarter. Institutional investors own 98.57% of the company’s stock.

KAR Auction Services, Inc (KAR) traded up $0.33 during mid-day trading on Wednesday, reaching $48.28. 1,195,000 shares of the company traded hands, compared to its average volume of 957,043. The firm has a market capitalization of $6,485.95, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.90. KAR Auction Services, Inc has a 1-year low of $40.27 and a 1-year high of $49.38.

KAR Auction Services (NYSE:KAR) last released its earnings results on Tuesday, October 31st. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $843.00 million for the quarter, compared to analyst estimates of $846.42 million. KAR Auction Services had a net margin of 6.94% and a return on equity of 22.37%. KAR Auction Services’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. equities analysts anticipate that KAR Auction Services, Inc will post 2.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Wednesday, December 20th will be issued a $0.35 dividend. This is a positive change from KAR Auction Services’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, December 19th. This represents a $1.40 annualized dividend and a yield of 2.90%. KAR Auction Services’s payout ratio is presently 75.29%.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of KAR Auction Services from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, November 8th. Gabelli cut shares of KAR Auction Services from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a research note on Thursday, November 2nd. J P Morgan Chase & Co boosted their price objective on shares of KAR Auction Services from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 price objective on shares of KAR Auction Services in a research note on Tuesday, September 12th. Finally, Stephens cut shares of KAR Auction Services from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $51.00 to $48.00 in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $52.20.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/thompson-siegel-walmsley-llc-raises-holdings-in-kar-auction-services-inc-kar/1719780.html.

In other news, COO Donald S. Gottwald sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $48.14, for a total transaction of $481,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by insiders.

KAR Auction Services Profile

KAR Auction Services, Inc is a provider of whole car auction services in North America, and salvage auction services in North America and the United Kingdom. The Company operates through three segments: ADESA, Inc (ADESA Auctions or ADESA), Insurance Auto Auctions, Inc (IAA) and Automotive Finance Corporation (AFC).

Institutional Ownership by Quarter for KAR Auction Services (NYSE:KAR)

Receive News & Ratings for KAR Auction Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KAR Auction Services Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.