USA Financial Portformulas Corp acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,029 shares of the transportation company’s stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Texas Permanent School Fund raised its stake in shares of Saia by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 18,579 shares of the transportation company’s stock worth $953,000 after acquiring an additional 160 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Saia by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock worth $3,501,000 after acquiring an additional 347 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its stake in shares of Saia by 1.0% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 40,800 shares of the transportation company’s stock worth $2,093,000 after acquiring an additional 409 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Saia by 1.2% during the 1st quarter. Prudential Financial Inc. now owns 43,908 shares of the transportation company’s stock worth $1,945,000 after acquiring an additional 510 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Saia by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,906 shares of the transportation company’s stock worth $1,021,000 after acquiring an additional 661 shares in the last quarter. Hedge funds and other institutional investors own 98.27% of the company’s stock.

Saia, Inc. (SAIA) opened at $61.15 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.09 and a current ratio of 1.09. Saia, Inc. has a 52 week low of $39.85 and a 52 week high of $67.35. The stock has a market cap of $1,577.85, a P/E ratio of 29.90 and a beta of 0.93.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.01). Saia had a net margin of 4.05% and a return on equity of 10.61%. 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 company posted $0.54 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. equities research analysts expect that Saia, Inc. will post 2.16 earnings per share for the current fiscal year.

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In other Saia news, Director John J. Holland sold 1,618 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $56.21, for a total transaction of $90,947.78. Following the transaction, the director now owns 1,028 shares in the company, valued at approximately $57,783.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $64.53, for a total transaction of $85,308.66. Following the transaction, the vice president now owns 31,668 shares in the company, valued at approximately $2,043,536.04. The disclosure for this sale can be found here. Insiders have sold a total of 65,023 shares of company stock worth $4,108,329 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

SAIA has been the subject of several recent analyst reports. Cowen and Company reiterated a “hold” rating and set a $55.00 price objective on shares of Saia in a research note on Friday, September 8th. Wolfe Research lowered shares of Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Morgan Stanley boosted 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. 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. Finally, Zacks Investment Research lowered shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.33.

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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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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