Squarepoint Ops LLC Invests $901,000 in IAA, Inc. (NYSE:IAA)


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Squarepoint Ops LLC purchased a new position in IAA, Inc. (NYSE:IAA) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,864 shares of the company’s stock, valued at approximately $901,000.

Several other large investors have also added to or reduced their stakes in IAA. LPL Financial LLC grew its stake in shares of IAA by 10.5% in the third quarter. LPL Financial LLC now owns 9,572 shares of the company’s stock worth $498,000 after purchasing an additional 906 shares in the last quarter. Acadian Asset Management LLC bought a new position in IAA during the third quarter valued at about $47,000. Great West Life Assurance Co. Can boosted its stake in IAA by 16.5% during the third quarter. Great West Life Assurance Co. Can now owns 10,995 shares of the company’s stock valued at $457,000 after buying an additional 1,560 shares in the last quarter. ProShare Advisors LLC bought a new position in IAA during the third quarter valued at about $493,000. Finally, Boothbay Fund Management LLC bought a new position in IAA during the third quarter valued at about $258,000.

Several research analysts recently weighed in on the company. Northcoast Research raised IAA from a “neutral” rating to a “buy” rating in a research note on Friday, February 5th. Zacks Investment Research downgraded IAA from a “buy” rating to a “hold” rating in a report on Thursday, February 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $56.42.

Shares of IAA stock opened at $56.39 on Thursday. The stock has a 50-day moving average price of $57.17 and a 200 day moving average price of $59.10. The company has a market cap of $7.59 billion, a P/E ratio of 43.05, a P/E/G ratio of 4.90 and a beta of 1.69. IAA, Inc. has a 1 year low of $28.06 and a 1 year high of $66.85.

IAA (NYSE:IAA) last announced its quarterly earnings data on Tuesday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm had revenue of $383.50 million during the quarter, compared to the consensus estimate of $364.46 million. IAA had a negative return on equity of 246.98% and a net margin of 12.99%. Research analysts forecast that IAA, Inc. will post 1.49 earnings per share for the current year.

About IAA

IAA, Inc provides auction solutions for total loss, damaged, and low-value vehicles. The company's platform facilitates the marketing and sale of total loss, damaged, and low-value vehicles for a spectrum of sellers. Its solutions provide buyers with the vehicles need to, among other things, fulfill vehicle rebuild requirements, replacement part inventory, or scrap demand.

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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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