253,249 Shares in Saia, Inc. (SAIA) Acquired by Eagle Asset Management Inc.
Eagle Asset Management Inc. bought a new stake in Saia, Inc. (NASDAQ:SAIA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 253,249 shares of the transportation company’s stock, valued at approximately $15,904,000. Eagle Asset Management Inc. owned approximately 0.99% of Saia as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in Saia by 4,376.2% in the third quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 1,838 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Saia by 69.8% in the second quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 1,020 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Saia by 68.7% in the second quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 1,031 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Saia in the third quarter valued at approximately $179,000. Finally, 1st Global Advisors Inc. acquired a new stake in Saia in the second quarter valued at approximately $200,000. Institutional investors own 99.89% of the company’s stock.
Shares of Saia, Inc. (SAIA) opened at $65.45 on Friday. Saia, Inc. has a one year low of $41.28 and a one year high of $67.35. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $1,677.27, a price-to-earnings ratio of 31.79 and a beta of 0.91.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). Saia had a return on equity of 10.61% and a net margin of 4.05%. The company had revenue of $350.06 million for the quarter, compared to analyst estimates of $344.46 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. research analysts predict that Saia, Inc. will post 2.16 EPS for the current fiscal year.
In related news, CEO Richard D. Odell sold 40,700 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the completion of the transaction, the chief executive officer now owns 48,634 shares of the company’s stock, valued at $3,138,838.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephanie Maschmeier sold 4,090 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $265,850.00. Following the transaction, the insider now directly owns 7,316 shares of the company’s stock, valued at approximately $475,540. The disclosure for this sale can be found here. Insiders have sold 53,405 shares of company stock valued at $3,451,982 over the last quarter. Insiders own 1.50% of the company’s stock.
Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday. Cowen reiterated a “hold” rating and set a $55.00 price objective on shares of Saia in a research note on Thursday, October 12th. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Morgan Stanley lifted their price objective on shares of Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price objective on shares of Saia in a research note on Thursday, September 21st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.33.
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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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