Mesirow Financial Investment Management Equity Management lowered its holdings in Saia Inc (NASDAQ:SAIA) by 10.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 300,917 shares of the transportation company’s stock after selling 34,923 shares during the quarter. Saia accounts for about 1.5% of Mesirow Financial Investment Management Equity Management’s investment portfolio, making the stock its 10th largest position. Mesirow Financial Investment Management Equity Management owned about 1.18% of Saia worth $21,290,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SAIA. Jennison Associates LLC bought a new stake in shares of Saia in the 3rd quarter worth approximately $16,124,000. Eagle Asset Management Inc. bought a new stake in shares of Saia in the 3rd quarter worth approximately $15,904,000. Victory Capital Management Inc. lifted its position in shares of Saia by 30.3% in the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after acquiring an additional 224,547 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Saia by 492.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock worth $11,819,000 after acquiring an additional 156,827 shares during the period. Finally, Voya Investment Management LLC lifted its position in shares of Saia by 1,324.6% in the 2nd quarter. Voya Investment Management LLC now owns 149,987 shares of the transportation company’s stock worth $7,695,000 after acquiring an additional 139,459 shares during the period. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have commented on SAIA shares. Zacks Investment Research upgraded Saia from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 2nd. BidaskClub upgraded Saia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. Seaport Global Securities restated a “buy” rating on shares of Saia in a research report on Tuesday, December 5th. ValuEngine downgraded Saia from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Stifel Nicolaus raised their target price on Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $63.75.
In other Saia news, CEO Richard D. Odell sold 53,171 shares of Saia stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $74.02, for a total value of $3,935,717.42. Following the completion of the transaction, the chief executive officer now owns 12,972 shares in the company, valued at approximately $960,187.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Frederick J. Holzgrefe III sold 17,361 shares of Saia stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $73.70, for a total value of $1,279,505.70. Following the completion of the transaction, the vice president now owns 34,565 shares of the company’s stock, valued at approximately $2,547,440.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,709 shares of company stock valued at $6,040,524. Corporate insiders own 1.50% of the company’s stock.
Saia Inc (SAIA) traded up $1.30 during trading on Wednesday, hitting $71.50. The company had a trading volume of 175,600 shares, compared to its average volume of 246,477. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.09. The company has a market cap of $1,789.43, a P/E ratio of 20.49 and a beta of 0.85. Saia Inc has a 1-year low of $41.28 and a 1-year high of $80.25.
Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 2nd. The transportation company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Saia had a return on equity of 34.38% and a net margin of 13.52%. The business had revenue of $353.20 million during the quarter, compared to the consensus estimate of $343.26 million. During the same quarter last year, the company earned $0.40 EPS. Saia’s revenue was up 17.7% on a year-over-year basis. sell-side analysts anticipate that Saia Inc will post 3.54 EPS for the current year.
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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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