Amundi Has $15.11 Million Stock Holdings in Saia, Inc. $SAIA

Amundi grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 8,842.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,218 shares of the transportation company’s stock after purchasing an additional 46,690 shares during the period. Amundi owned approximately 0.18% of Saia worth $15,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors bought a new position in shares of Saia in the fourth quarter valued at $632,000. Focus Partners Wealth acquired a new stake in shares of Saia in the 4th quarter worth about $275,000. Graham Capital Management L.P. bought a new position in Saia in the 4th quarter valued at about $1,504,000. Gotham Asset Management LLC boosted its stake in Saia by 12.1% during the 4th quarter. Gotham Asset Management LLC now owns 3,733 shares of the transportation company’s stock valued at $1,701,000 after purchasing an additional 404 shares during the last quarter. Finally, Group One Trading LLC increased its holdings in Saia by 114.4% during the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company’s stock worth $111,000 after purchasing an additional 1,934 shares in the last quarter.

Saia Stock Down 1.9%

Shares of NASDAQ:SAIA opened at $306.24 on Wednesday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The company has a market capitalization of $8.16 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 14.29 and a beta of 2.00. The business has a fifty day moving average price of $300.02 and a two-hundred day moving average price of $307.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same period in the previous year, the firm earned $3.83 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of recent research reports. Citigroup restated a “buy” rating and issued a $393.00 target price (up previously from $350.00) on shares of Saia in a report on Monday, July 28th. Stifel Nicolaus reissued a “hold” rating and issued a $306.00 price target (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Wells Fargo & Company lifted their price objective on shares of Saia from $290.00 to $365.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Wolfe Research upgraded shares of Saia from a “hold” rating to a “strong-buy” rating in a research note on Sunday, June 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Saia from $295.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.16.

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.