Saia, Inc. (NASDAQ:SAIA) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina increased its holdings in shares of Saia, Inc. (NASDAQ:SAIAFree Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,780 shares of the transportation company’s stock after purchasing an additional 120 shares during the period. Treasurer of the State of North Carolina’s holdings in Saia were worth $5,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in shares of Saia by 26,722.4% during the fourth quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock valued at $13,635,000 after purchasing an additional 30,998 shares during the period. First Hawaiian Bank increased its stake in Saia by 37.6% during the 4th quarter. First Hawaiian Bank now owns 7,560 shares of the transportation company’s stock worth $3,313,000 after buying an additional 2,065 shares during the period. Louisiana State Employees Retirement System acquired a new position in Saia in the 4th quarter worth $3,287,000. Franklin Resources Inc. boosted its position in Saia by 11.5% in the 4th quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company’s stock valued at $9,685,000 after buying an additional 2,272 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of Saia by 1.6% during the fourth quarter. Strs Ohio now owns 11,347 shares of the transportation company’s stock valued at $4,972,000 after acquiring an additional 179 shares in the last quarter.

Saia Trading Down 1.7 %

NASDAQ:SAIA opened at $402.50 on Tuesday. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.49 and a beta of 1.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia, Inc. has a 1 year low of $288.72 and a 1 year high of $628.34. The business has a fifty day moving average of $481.31 and a 200-day moving average of $482.41.

Saia (NASDAQ:SAIAGet Free Report) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the company earned $2.85 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts predict that Saia, Inc. will post 15.17 earnings per share for the current year.

Insider Activity

In other news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares of the company’s stock, valued at approximately $366,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. UBS Group decreased their price target on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Benchmark increased their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. BMO Capital Markets decreased their price target on Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a research note on Monday, April 29th. Finally, Bank of America decreased their price objective on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $494.39.

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About Saia

(Free Report)

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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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