CANADA LIFE ASSURANCE Co Sells 128 Shares of Saia, Inc. (NASDAQ:SAIA)

CANADA LIFE ASSURANCE Co lowered its stake in Saia, Inc. (NASDAQ:SAIA) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,872 shares of the transportation company’s stock after selling 128 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Saia were worth $11,597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIA. Pineridge Advisors LLC acquired a new stake in Saia during the fourth quarter worth about $26,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia during the 4th quarter worth approximately $32,000. Rise Advisors LLC bought a new position in Saia in the first quarter valued at approximately $40,000. GAMMA Investing LLC acquired a new position in Saia during the fourth quarter valued at approximately $43,000. Finally, National Bank of Canada FI bought a new stake in Saia during the fourth quarter worth $44,000.

Insider Buying and Selling

In related news, Director John P. Gainor, Jr. bought 500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now directly owns 900 shares of the company’s stock, valued at $366,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SAIA. Susquehanna decreased their price target on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. The Goldman Sachs Group boosted their target price on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $526.00 to $475.00 in a research report on Friday, May 24th. Finally, Evercore ISI increased their price objective on shares of Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Saia currently has a consensus rating of “Hold” and a consensus target price of $502.18.

Saia Trading Up 1.4 %

NASDAQ SAIA opened at $489.11 on Friday. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $13.01 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 1.72 and a beta of 1.72. The business’s 50-day moving average price is $445.79 and its two-hundred day moving average price is $492.96.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the previous year, the company earned $2.85 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. On average, analysts expect that Saia, Inc. will post 15.32 EPS for the current year.

About Saia

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.