Everence Capital Management Inc. purchased a new position in shares of Saia Inc (NASDAQ:SAIA) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 3,430 shares of the transportation company’s stock, valued at approximately $210,000.

Other large investors have also modified their holdings of the company. Resources Investment Advisors Inc. acquired a new stake in shares of Saia during the 4th quarter worth approximately $36,000. Parallel Advisors LLC grew its position in shares of Saia by 83.0% during the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock worth $90,000 after buying an additional 666 shares during the period. Bank of Montreal Can grew its position in shares of Saia by 12.1% during the 4th quarter. Bank of Montreal Can now owns 1,700 shares of the transportation company’s stock worth $94,000 after buying an additional 183 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Saia during the 1st quarter worth approximately $215,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Saia during the 1st quarter worth approximately $241,000.

In related news, VP Paul C. Peck sold 1,265 shares of Saia stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total transaction of $86,020.00. Following the transaction, the vice president now owns 1,128 shares of the company’s stock, valued at approximately $76,704. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Several brokerages have recently commented on SAIA. BidaskClub upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Buckingham Research set a $84.00 price target on shares of Saia and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Seaport Global Securities reiterated a “neutral” rating on shares of Saia in a research report on Friday, April 5th. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, February 21st. Finally, ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $72.58.

Saia stock opened at $66.94 on Tuesday. Saia Inc has a fifty-two week low of $52.04 and a fifty-two week high of $87.05. The company has a market cap of $1.72 billion, a P/E ratio of 16.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.14.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The firm had revenue of $410.60 million for the quarter, compared to the consensus estimate of $410.25 million. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Saia Inc will post 4.58 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Everence Capital Management Inc. Invests $210,000 in Saia Inc (SAIA)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.watchlistnews.com/everence-capital-management-inc-invests-210000-in-saia-inc-saia/3017382.html.

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.

Recommended Story: What is the Book Value of a Share?

Want to see what other hedge funds are holding SAIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saia Inc (NASDAQ:SAIA).

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.