Wells Fargo & Company MN Purchases 20,381 Shares of Saia Inc (SAIA)
Wells Fargo & Company MN boosted its holdings in shares of Saia Inc (NASDAQ:SAIA) by 68.3% in the third quarter, HoldingsChannel.com reports. The firm owned 50,241 shares of the transportation company’s stock after purchasing an additional 20,381 shares during the quarter. Wells Fargo & Company MN’s holdings in Saia were worth $3,147,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Amalgamated Bank bought a new position in Saia during the third quarter worth about $215,000. JPMorgan Chase & Co. lifted its stake in Saia by 27.2% during the third quarter. JPMorgan Chase & Co. now owns 63,497 shares of the transportation company’s stock worth $3,933,000 after purchasing an additional 13,562 shares during the period. Virginia Retirement Systems ET AL lifted its stake in Saia by 38.1% during the third quarter. Virginia Retirement Systems ET AL now owns 35,500 shares of the transportation company’s stock worth $2,224,000 after purchasing an additional 9,800 shares during the period. Eagle Asset Management Inc. bought a new position in Saia during the third quarter worth about $15,904,000. Finally, American International Group Inc. lifted its stake in Saia by 5.7% during the third quarter. American International Group Inc. now owns 20,063 shares of the transportation company’s stock worth $1,257,000 after purchasing an additional 1,089 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.
Saia Inc (NASDAQ SAIA) opened at $74.00 on Thursday. Saia Inc has a one year low of $41.28 and a one year high of $74.25. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1,830.00, a P/E ratio of 35.75 and a beta of 0.90.
Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Saia had a net margin of 4.12% and a return on equity of 11.04%. The firm had revenue of $350.06 million during the quarter, compared to the consensus estimate of $344.46 million. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue was up 10.6% on a year-over-year basis. sell-side analysts forecast that Saia Inc will post 2.18 EPS for the current fiscal year.
In other news, CEO Richard D. Odell sold 40,700 shares of Saia stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total value of $2,626,778.00. Following the completion of the transaction, the chief executive officer now owns 48,634 shares in the company, valued at $3,138,838.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie Maschmeier sold 4,090 shares of Saia stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $65.00, for a total transaction of $265,850.00. Following the completion of the transaction, the insider now owns 7,316 shares of the company’s stock, valued at approximately $475,540. The disclosure for this sale can be found here. Insiders sold 53,405 shares of company stock valued at $3,451,982 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
SAIA has been the subject of a number of analyst reports. Wolfe Research cut shares of Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub cut shares of Saia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 6th. Stifel Nicolaus raised their price target on shares of Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Finally, ValuEngine cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Saia currently has a consensus rating of “Hold” and an average target price of $56.00.
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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