US Bancorp DE increased its stake in shares of Saia Inc (NASDAQ:SAIA) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,296 shares of the transportation company’s stock after purchasing an additional 1,392 shares during the period. US Bancorp DE owned 0.08% of Saia worth $1,366,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC purchased a new stake in Saia during the 3rd quarter valued at about $16,124,000. Eagle Asset Management Inc. purchased a new stake in Saia during the 3rd quarter valued at about $15,904,000. Victory Capital Management Inc. grew its stake in Saia by 30.3% during the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock valued at $60,421,000 after acquiring an additional 224,547 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Saia by 492.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock valued at $11,819,000 after acquiring an additional 156,827 shares in the last quarter. Finally, Pier Capital LLC purchased a new stake in Saia during the 3rd quarter valued at about $6,220,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Shares of Saia Inc (SAIA) opened at $74.05 on Tuesday. Saia Inc has a one year low of $41.28 and a one year high of $80.25. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1,887.56, a P/E ratio of 21.22 and a beta of 0.85.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The business had revenue of $353.20 million during the quarter, compared to analysts’ expectations of $343.26 million. During the same quarter in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. sell-side analysts forecast that Saia Inc will post 3.54 earnings per share for the current year.
SAIA has been the subject of several research reports. ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Seaport Global Securities reissued a “buy” rating on shares of Saia in a research note on Tuesday, December 5th. Stifel Nicolaus increased their price target on shares of Saia from $60.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, December 13th. BidaskClub raised shares of Saia from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 2nd. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Saia currently has a consensus rating of “Buy” and a consensus target price of $63.75.
In related news, Director Bjorn E. Olsson sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $73.51, for a total transaction of $220,530.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Maschmeier sold 8,177 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $73.96, for a total transaction of $604,770.92. Following the transaction, the insider now directly owns 3,678 shares of the company’s stock, valued at approximately $272,024.88. The disclosure for this sale can be found here. In the last three months, insiders sold 81,709 shares of company stock valued at $6,040,524. Corporate insiders own 1.50% of the company’s stock.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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