Russell Investments Group Ltd. purchased a new stake in Saia Inc (NASDAQ:SAIA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,440 shares of the transportation company’s stock, valued at approximately $1,984,000. Russell Investments Group Ltd. owned about 0.18% of Saia at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Macquarie Group Ltd. increased its stake in Saia by 2.7% in the second quarter. Macquarie Group Ltd. now owns 596,889 shares of the transportation company’s stock valued at $15,006,000 after buying an additional 15,519 shares in the last quarter. Algert Global LLC increased its stake in Saia by 43.6% in the third quarter. Algert Global LLC now owns 12,191 shares of the transportation company’s stock valued at $365,000 after buying an additional 3,704 shares in the last quarter. HL Financial Services LLC increased its position in shares of Saia by 33.5% in the third quarter. HL Financial Services LLC now owns 76,686 shares of the transportation company’s stock valued at $2,298,000 after buying an additional 19,240 shares during the period. GHP Investment Advisors Inc. purchased a new position in shares of Saia during the third quarter valued at approximately $219,000. Finally, Great West Life Assurance Co. Can increased its position in shares of Saia by 2.8% in the third quarter. Great West Life Assurance Co. Can now owns 32,822 shares of the transportation company’s stock valued at $982,000 after buying an additional 901 shares during the period. 99.74% of the stock is owned by institutional investors and hedge funds.
Shares of Saia Inc (NASDAQ:SAIA) traded up 3.40% during mid-day trading on Friday, hitting $45.65. 153,313 shares of the stock were exchanged. The stock’s 50-day moving average price is $44.41 and its 200-day moving average price is $42.72. Saia Inc has a 52-week low of $23.27 and a 52-week high of $50.80. The company has a market cap of $1.15 billion, a P/E ratio of 24.41 and a beta of 0.51.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 3rd. The transportation company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by $0.02. The business earned $300.20 million during the quarter, compared to analysts’ expectations of $295.22 million. Saia had a net margin of 3.94% and a return on equity of 10.41%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. Equities research analysts anticipate that Saia Inc will post $2.07 earnings per share for the current fiscal year.
SAIA has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Cowen and Company boosted their price target on shares of Saia from $36.00 to $49.00 and gave the company a “market perform” rating in a research report on Friday, February 3rd. Raymond James Financial, Inc. cut shares of Saia from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $50.00 in a research report on Tuesday, January 17th. Finally, Wolfe Research upgraded shares of Saia from a “market perform” rating to an “outperform” rating in a report on Friday, January 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $48.67.
In other news, VP Brian A. Balius sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $46.31, for a total transaction of $833,580.00. Following the completion of the sale, the vice president now owns 15,712 shares in the company, valued at approximately $727,622.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark H. Robinson sold 12,612 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $48.00, for a total value of $605,376.00. Following the transaction, the vice president now directly owns 1,216 shares in the company, valued at $58,368. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by 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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