Metropolitan Life Insurance Co. NY acquired a new stake in shares of Saia (NASDAQ:SAIA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,157 shares of the transportation company’s stock, valued at approximately $577,000.
Several other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Saia by 72.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 685 shares during the last quarter. Bessemer Group Inc. increased its holdings in Saia by 75.0% in the 4th quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 900 shares during the last quarter. Advisor Partners LLC bought a new stake in Saia in the 4th quarter valued at $210,000. SG Americas Securities LLC bought a new stake in Saia in the 3rd quarter valued at $179,000. Finally, GSA Capital Partners LLP bought a new stake in Saia in the 3rd quarter valued at $305,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.
NASDAQ:SAIA opened at $77.55 on Wednesday. Saia has a one year low of $41.28 and a one year high of $80.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $1,965.53, a PE ratio of 34.79 and a beta of 0.80.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $0.53 EPS 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 analyst estimates of $343.26 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. research analysts forecast that Saia will post 3.72 earnings per share for the current year.
A number of equities analysts recently commented on SAIA shares. 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. Morgan Stanley dropped their price target on shares of Saia from $50.00 to $48.00 and set an “underweight” rating for the company in a research note on Friday, April 6th. BidaskClub cut shares of Saia from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 6th. Stephens reaffirmed a “hold” rating and set a $77.00 price target on shares of Saia in a research note on Thursday, April 12th. Finally, Buckingham Research initiated coverage on shares of Saia in a research report on Monday, March 26th. They issued a “buy” rating and a $93.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $73.17.
In related news, insider Stephanie Maschmeier sold 8,177 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $73.96, for a total transaction of $604,770.92. Following the completion of the transaction, the insider now owns 3,678 shares in the company, valued at approximately $272,024.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard D. Odell sold 53,171 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $74.02, for a total transaction of $3,935,717.42. Following the transaction, the chief executive officer now owns 12,972 shares of the company’s stock, valued at approximately $960,187.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,109 shares of company stock valued at $6,365,332. Company insiders own 1.10% of the company’s stock.
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Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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