Saia, Inc. (SAIA) Stake Increased by US Bancorp DE
US Bancorp DE boosted its position in Saia, Inc. (NASDAQ:SAIA) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,996 shares of the transportation company’s stock after buying an additional 32 shares during the period. US Bancorp DE’s holdings in Saia were worth $872,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the last quarter. Mason Street Advisors LLC boosted its stake in Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock valued at $264,000 after buying an additional 477 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock valued at $302,000 after buying an additional 306 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock valued at $302,000 after buying an additional 1,074 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in Saia during the first quarter valued at about $332,000. Institutional investors own 98.43% of the company’s stock.
Saia, Inc. (NASDAQ:SAIA) traded up 0.57% during midday trading on Friday, hitting $53.25. 34,179 shares of the stock traded hands. The company’s 50 day moving average price is $52.18 and its 200 day moving average price is $47.87. The firm has a market cap of $1.35 billion, a PE ratio of 25.84 and a beta of 0.78. Saia, Inc. has a 12 month low of $27.96 and a 12 month high of $58.00.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm had revenue of $358.20 million during the quarter, compared to the consensus estimate of $348.53 million. During the same period in the prior year, the company earned $0.52 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. Equities research analysts predict that Saia, Inc. will post $2.21 earnings per share for the current fiscal year.
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Several equities research analysts have recently issued reports on SAIA shares. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Cowen and Company lifted their price objective on shares of Saia from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Monday, May 1st. BidaskClub upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $48.00 price objective (up previously from $44.00) on shares of Saia in a research report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Saia currently has an average rating of “Buy” and an average target price of $52.33.
In other Saia news, Director Douglas Wayne Rockel sold 3,112 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $53.70, for a total value of $167,114.40. Following the completion of the sale, the director now directly owns 7,314 shares of the company’s stock, valued at approximately $392,761.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herbert A. Trucksess III sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $54.09, for a total value of $1,622,700.00. Following the completion of the sale, the director now directly owns 183,442 shares of the company’s stock, valued at $9,922,377.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,512 shares of company stock valued at $2,948,508. 1.50% of the stock is owned by corporate insiders.
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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