Columbia Partners L L C Investment Management purchased a new position in Saia, Inc. (NASDAQ:SAIA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,404 shares of the transportation company’s stock, valued at approximately $401,000.
A number of other institutional investors have also recently modified their holdings of SAIA. BlackRock Inc. lifted its position in shares of Saia by 49,565.9% during the 1st quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock worth $136,190,000 after buying an additional 3,068,128 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Saia during the 2nd quarter worth approximately $15,559,000. Jennison Associates LLC purchased a new stake in shares of Saia during the 3rd quarter worth approximately $16,124,000. Victory Capital Management Inc. lifted its position in shares of Saia by 30.3% during the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after buying an additional 224,547 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Saia by 492.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock worth $11,819,000 after buying an additional 156,827 shares during the last quarter. Institutional investors own 99.91% of the company’s stock.
Shares of Saia, Inc. (SAIA) traded up $2.30 during trading on Monday, hitting $67.75. 169,874 shares of the stock were exchanged, compared to its average volume of 177,877. The firm has a market cap of $1,668.34, a PE ratio of 31.62 and a beta of 0.90. Saia, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $68.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.
Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 27th. The transportation company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $350.06 million during the quarter, compared to analyst estimates of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. equities analysts expect that Saia, Inc. will post 2.16 EPS for the current year.
SAIA has been the subject of several recent analyst reports. ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Morgan Stanley boosted their price objective on shares of Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Cowen restated a “hold” rating and set a $55.00 price objective on shares of Saia in a research report on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $50.33.
In other Saia news, VP Frederick J. Holzgrefe III sold 1,322 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $64.53, for a total value of $85,308.66. Following the transaction, the vice president now directly owns 31,668 shares of the company’s stock, valued at approximately $2,043,536.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Raymond R. Ramu sold 7,293 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $474,045.00. Following the completion of the transaction, the vice president now directly owns 20,996 shares in the company, valued at $1,364,740. The disclosure for this sale can be found here. Insiders sold a total of 53,405 shares of company stock worth $3,451,982 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.
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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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