Stifel Financial Corp raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 280,862 shares of the transportation company’s stock after purchasing an additional 17,460 shares during the period. Stifel Financial Corp owned 1.10% of Saia worth $17,589,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Saia by 5.1% in the 1st quarter. Teachers Advisors LLC now owns 44,069 shares of the transportation company’s stock valued at $1,952,000 after acquiring an additional 2,119 shares during the period. Vanguard Group Inc. increased its position in shares of Saia by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,266,416 shares of the transportation company’s stock valued at $56,102,000 after acquiring an additional 76,431 shares during the period. Renaissance Technologies LLC increased its position in shares of Saia by 427.0% in the 1st quarter. Renaissance Technologies LLC now owns 33,198 shares of the transportation company’s stock valued at $1,471,000 after acquiring an additional 26,898 shares during the period. Aperio Group LLC increased its position in shares of Saia by 14.2% in the 2nd quarter. Aperio Group LLC now owns 17,106 shares of the transportation company’s stock valued at $878,000 after acquiring an additional 2,129 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Saia by 37.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,760 shares of the transportation company’s stock valued at $398,000 after acquiring an additional 2,100 shares during the period. 99.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Saia, Inc. (NASDAQ SAIA) opened at $67.60 on Thursday. The firm has a market capitalization of $1,697.66, a PE ratio of 32.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.09 and a current ratio of 1.09. Saia, Inc. has a 12-month low of $41.28 and a 12-month high of $68.70.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $350.06 million for the quarter, compared to analyst estimates of $344.46 million. Saia had a return on equity of 10.61% and a net margin of 4.05%. Saia’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. equities analysts anticipate that Saia, Inc. will post 2.16 earnings per share for the current fiscal year.
In other Saia news, CEO Richard D. Odell sold 40,700 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the sale, the chief executive officer now directly owns 48,634 shares of the company’s stock, valued at approximately $3,138,838.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $64.53, for a total value of $85,308.66. Following the sale, the vice president now directly owns 31,668 shares in the company, valued at $2,043,536.04. The disclosure for this sale can be found here. Insiders have sold a total of 53,405 shares of company stock worth $3,451,982 over the last ninety days. 1.50% of the stock is owned by insiders.
Several equities analysts recently issued reports on SAIA shares. Cowen reissued a “hold” rating and issued a $55.00 target price on shares of Saia in a research report on Friday, September 8th. Wolfe Research downgraded Saia from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Morgan Stanley upped their target price on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 target price on shares of Saia in a research report on Thursday, September 21st. Finally, Zacks Investment Research downgraded Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Saia presently has a consensus rating of “Hold” and a consensus price target of $50.33.
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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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