Saia, Inc. (SAIA) Position Increased by Victory Capital Management Inc.
Victory Capital Management Inc. increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 739,873 shares of the transportation company’s stock after buying an additional 47,155 shares during the period. Victory Capital Management Inc. owned about 2.93% of Saia worth $37,955,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in Saia by 49,565.9% in the first 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. Goldman Sachs Group Inc. raised its position in Saia by 652.0% in the first quarter. Goldman Sachs Group Inc. now owns 815,422 shares of the transportation company’s stock worth $36,124,000 after buying an additional 706,982 shares during the last quarter. Citadel Advisors LLC bought a new position in Saia during the first quarter worth $18,354,000. Mesirow Financial Investment Management Equity Management bought a new position in Saia during the second quarter worth $15,559,000. Finally, Elk Creek Partners LLC bought a new position in Saia during the first quarter worth $11,416,000. 97.04% of the stock is owned by institutional investors and hedge funds.
Shares of Saia, Inc. (NASDAQ SAIA) opened at 56.15 on Thursday. Saia, Inc. has a 12 month low of $27.96 and a 12 month high of $58.00. The stock’s 50 day moving average price is $52.98 and its 200-day moving average price is $48.20. The company has a market cap of $1.42 billion, a P/E ratio of 27.24 and a beta of 0.78.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. Equities research analysts expect that Saia, Inc. will post $2.21 earnings per share for the current year.
SAIA has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Cowen and Company lifted their target price on Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 target price (up previously from $44.00) on shares of Saia in a report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $52.33.
In other news, insider Stephanie Maschmeier sold 5,925 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $53.20, for a total value of $315,210.00. Following the completion of the sale, the insider now directly owns 9,150 shares in the company, valued at $486,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Odell sold 6,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $53.71, for a total value of $343,744.00. Following the completion of the sale, the chief executive officer now owns 9,034 shares of the company’s stock, valued at $485,216.14. The disclosure for this sale can be found here. Insiders sold 62,958 shares of company stock valued at $3,397,105 over the last 90 days. Company insiders own 1.50% of the company’s stock.
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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