Hanseatic Management Services Inc. raised its position in Saia (NASDAQ:SAIA) by 13,254.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,205 shares of the transportation company’s stock after purchasing an additional 3,181 shares during the period. Hanseatic Management Services Inc.’s holdings in Saia were worth $241,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in SAIA. BlackRock Inc. raised its holdings in Saia by 2.3% in the fourth quarter. BlackRock Inc. now owns 3,257,409 shares of the transportation company’s stock valued at $230,461,000 after buying an additional 71,934 shares during the period. Victory Capital Management Inc. grew its position in Saia by 5.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,017,007 shares of the transportation company’s stock valued at $71,953,000 after acquiring an additional 52,587 shares in the last quarter. Alliancebernstein L.P. grew its position in Saia by 16.6% in the fourth quarter. Alliancebernstein L.P. now owns 541,989 shares of the transportation company’s stock valued at $38,346,000 after acquiring an additional 77,224 shares in the last quarter. Bank of New York Mellon Corp grew its position in Saia by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 347,836 shares of the transportation company’s stock valued at $24,609,000 after acquiring an additional 2,326 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Saia by 27.1% in the fourth quarter. Jennison Associates LLC now owns 327,223 shares of the transportation company’s stock valued at $23,151,000 after acquiring an additional 69,858 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
In other Saia news, VP Raymond R. Ramu sold 4,400 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $73.82, for a total value of $324,808.00. Following the sale, the vice president now directly owns 12,157 shares in the company, valued at $897,429.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Shares of Saia opened at $76.10 on Friday, according to Marketbeat.com. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.92 billion, a P/E ratio of 34.75 and a beta of 0.80. Saia has a 12-month low of $75.00 and a 12-month high of $76.00.
Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 27th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $392.80 million for the quarter, compared to analysts’ expectations of $382.95 million. Saia had a return on equity of 11.86% and a net margin of 6.94%. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. analysts predict that Saia will post 3.75 EPS for the current fiscal year.
Several analysts have issued reports on the stock. Stephens reaffirmed a “neutral” rating on shares of Saia in a research report on Friday, February 2nd. Cowen reissued a “hold” rating and set a $80.00 price target on shares of Saia in a research report on Friday, April 27th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and decreased their price target for the stock from $83.00 to $78.00 in a research report on Tuesday, May 1st. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Finally, BidaskClub downgraded shares of Saia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Saia currently has an average rating of “Hold” and a consensus price target of $76.00.
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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