Comerica Bank raised its holdings in shares of Saia Inc (NASDAQ:SAIA) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,275 shares of the transportation company’s stock after acquiring an additional 626 shares during the quarter. Comerica Bank’s holdings in Saia were worth $4,184,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Saia by 1.0% in the 4th quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock valued at $207,161,000 after buying an additional 36,547 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Saia by 29.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,577,696 shares of the transportation company’s stock valued at $197,065,000 after buying an additional 592,115 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Saia by 18.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,381,118 shares of the transportation company’s stock valued at $84,386,000 after buying an additional 215,939 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Saia by 0.6% in the 4th quarter. Jennison Associates LLC now owns 1,083,062 shares of the transportation company’s stock valued at $60,457,000 after buying an additional 5,925 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Saia by 0.6% during the fourth quarter. Macquarie Group Ltd. now owns 492,169 shares of the transportation company’s stock worth $27,473,000 after purchasing an additional 3,100 shares during the period.
In other news, VP Paul C. Peck sold 1,265 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total transaction of $86,020.00. Following the completion of the transaction, the vice president now directly owns 1,128 shares in the company, valued at $76,704. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.
A number of brokerages have issued reports on SAIA. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Thursday, February 21st. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Buckingham Research set a $84.00 target price on Saia and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Finally, SunTrust Banks set a $77.00 target price on Saia and gave the stock a “buy” rating in a research report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Saia has an average rating of “Buy” and a consensus price target of $72.58.
Shares of SAIA stock opened at $67.29 on Friday. Saia Inc has a 12 month low of $52.04 and a 12 month high of $87.05. The company has a market cap of $1.74 billion, a PE ratio of 16.86 and a beta of 1.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 1.14.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The business had revenue of $410.60 million for the quarter, compared to analyst estimates of $410.25 million. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Saia Inc will post 4.6 earnings per share for the current fiscal year.
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Saia Company Profile
Saia, Inc, through its 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; and other value-added services, including non-asset truckload, expedited, and logistics services.
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