Oregon Public Employees Retirement Fund Acquires 288 Shares of IAA, Inc. (NYSE:IAA)

Defense World · Apr 12, 2023 05:33

Oregon Public Employees Retirement Fund boosted its holdings in shares of IAA, Inc. (NYSE:IAA – Get Rating) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,358 shares of the company's stock after acquiring an additional 288 shares during the period. Oregon Public Employees Retirement Fund's holdings in IAA were worth $1,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its holdings in shares of IAA by 5,810.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,078,043 shares of the company's stock valued at $66,186,000 after buying an additional 2,042,886 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of IAA in the 3rd quarter valued at about $35,084,000. Victory Capital Management Inc. boosted its holdings in shares of IAA by 75.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,329,527 shares of the company's stock valued at $74,196,000 after buying an additional 1,000,763 shares in the last quarter. Reinhart Partners Inc. bought a new stake in shares of IAA in the 3rd quarter valued at about $25,552,000. Finally, Bessemer Group Inc. boosted its holdings in shares of IAA by 24.9% in the 3rd quarter. Bessemer Group Inc. now owns 3,534,419 shares of the company's stock valued at $112,571,000 after buying an additional 705,198 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Separately, Robert W. Baird cut shares of IAA from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $46.00 to $44.00 in a report on Thursday, January 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $46.50.

IAA Stock Down 0.1 %

NYSE:IAA opened at $39.89 on Wednesday. The company has a market cap of $5.34 billion, a PE ratio of 18.21 and a beta of 1.44. IAA, Inc. has a twelve month low of $31.50 and a twelve month high of $44.07. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.92. The company's 50 day moving average is $40.84 and its two-hundred day moving average is $38.98.

IAA (NYSE:IAA – Get Rating) last released its earnings results on Tuesday, February 21st. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $523.50 million for the quarter, compared to the consensus estimate of $524.55 million. IAA had a net margin of 13.93% and a return on equity of 67.28%. IAA's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. Analysts anticipate that IAA, Inc. will post 2.43 EPS for the current year.

About IAA

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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.

Oregon Public Employees Retirement Fund Acquires 288 Shares of IAA, Inc. (NYSE:IAA)

Analyst Ratings Changes

IAA Stock Down 0.1 %

About IAA

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