Great West Life Assurance Co. Can Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Great West Life Assurance Co. Can bought a new position in Saia, Inc. (NASDAQ:SAIA – Get Rating) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,969 shares of the transportation company’s stock, valued at approximately $3,413,000. Great West Life Assurance Co. Can owned 0.07% of Saia at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Saia by 157.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,500,405 shares of the transportation company’s stock worth $658,076,000 after buying an additional 2,140,625 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Saia by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company’s stock worth $641,815,000 after buying an additional 39,660 shares during the period. Capital International Investors lifted its holdings in shares of Saia by 10.2% in the 1st quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock worth $386,089,000 after buying an additional 146,262 shares during the period. State Street Corp lifted its holdings in shares of Saia by 4.1% in the 1st quarter. State Street Corp now owns 896,627 shares of the transportation company’s stock worth $218,616,000 after buying an additional 35,076 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Saia by 49.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock worth $173,648,000 after buying an additional 236,105 shares during the period.

Saia Stock Up 4.9 %

Shares of SAIA stock opened at $261.02 on Tuesday. The stock’s 50-day simple moving average is $230.24 and its 200-day simple moving average is $217.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $6.91 billion, a PE ratio of 19.32, a P/E/G ratio of 1.41 and a beta of 1.45. Saia, Inc. has a fifty-two week low of $168.03 and a fifty-two week high of $304.48.

Saia (NASDAQ:SAIA – Get Rating) last announced its quarterly earnings data on Monday, October 31st. The transportation company reported $3.67 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.01). The firm had revenue of $729.56 million during the quarter, compared to analyst estimates of $718.75 million. Saia had a net margin of 13.09% and a return on equity of 26.58%. Equities analysts expect that Saia, Inc. will post 13.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SAIA shares. Wells Fargo & Company upped their price objective on Saia from $230.00 to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 4th. Raymond James upped their price objective on Saia from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Bank of America cut Saia from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $216.00 to $215.00 in a research note on Thursday, December 1st. Wolfe Research cut Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Saia from $281.00 to $296.00 in a research note on Monday, November 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and an average price target of $246.14.

About Saia

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Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.