First Trust Advisors LP raised its position in Saia Inc (NASDAQ:SAIA) by 54.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,674 shares of the transportation company’s stock after acquiring an additional 16,100 shares during the period. First Trust Advisors LP owned approximately 0.18% of Saia worth $3,231,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in shares of Saia in the fourth quarter valued at about $658,000. Lisanti Capital Growth LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $1,855,000. Teacher Retirement System of Texas acquired a new stake in shares of Saia in the fourth quarter valued at about $620,000. American Century Companies Inc. lifted its stake in shares of Saia by 12.6% in the fourth quarter. American Century Companies Inc. now owns 142,721 shares of the transportation company’s stock valued at $10,098,000 after purchasing an additional 15,927 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Saia by 7.8% in the fourth quarter. US Bancorp DE now owns 19,296 shares of the transportation company’s stock valued at $1,366,000 after purchasing an additional 1,392 shares during the period. Institutional investors own 99.63% of the company’s stock.
Several equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Saia from $35.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. BidaskClub downgraded shares of Saia from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Stifel Nicolaus raised their target price on shares of Saia from $60.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, December 13th. Zacks Investment Research upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Tuesday, January 2nd. Finally, ValuEngine downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $67.75.
Saia Inc (NASDAQ SAIA) opened at $76.35 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Saia Inc has a twelve month low of $41.28 and a twelve month high of $80.25. The firm has a market cap of $1,953.98, a PE ratio of 21.88 and a beta of 0.87.
Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $353.20 million during the quarter, compared to the consensus estimate of $343.26 million. Saia had a net margin of 13.52% and a return on equity of 34.38%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. equities research analysts anticipate that Saia Inc will post 3.67 earnings per share for the current fiscal year.
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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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