KBC Group NV Sells 439 Shares of Saia, Inc. $SAIA

KBC Group NV cut its stake in Saia, Inc. (NASDAQ:SAIA) by 37.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 748 shares of the transportation company’s stock after selling 439 shares during the quarter. KBC Group NV’s holdings in Saia were worth $205,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SAIA. Parkside Financial Bank & Trust raised its holdings in Saia by 177.5% in the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Saia during the second quarter valued at approximately $41,000. Blue Trust Inc. raised its stake in Saia by 52.9% during the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after buying an additional 72 shares during the last quarter. CWM LLC increased its position in Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 44 shares during the last quarter. Finally, Mattson Financial Services LLC increased its position in shares of Saia by 17.5% during the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 57 shares during the last quarter.

Saia Stock Performance

Saia stock opened at $261.48 on Wednesday. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $587.86. The company has a market capitalization of $6.97 billion, a PE ratio of 24.14, a P/E/G ratio of 12.90 and a beta of 2.07. The company has a 50 day moving average price of $296.24 and a 200-day moving average price of $289.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The business had revenue of $839.64 million for the quarter, compared to the consensus estimate of $824.06 million. During the same quarter in the prior year, the company earned $3.46 EPS. The business’s revenue was down .3% compared to the same quarter last year. As a group, equities analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on SAIA. Susquehanna set a $350.00 target price on Saia in a report on Friday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Saia from $360.00 to $346.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Stephens boosted their target price on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Benchmark reaffirmed a “buy” rating and set a $360.00 price target on shares of Saia in a research note on Thursday, September 25th. Finally, Barclays raised their price objective on Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $337.67.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.