Saia, Inc. $SAIA Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,600 shares of the transportation company’s stock after purchasing an additional 200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Saia were worth $1,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAIA. Golden State Wealth Management LLC grew its stake in shares of Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after purchasing an additional 47 shares in the last quarter. Mattson Financial Services LLC lifted its position in Saia by 17.5% in the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 57 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in Saia in the first quarter valued at $135,000. GAMMA Investing LLC lifted its holdings in shares of Saia by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 74 shares during the last quarter. Finally, Thrive Wealth Management LLC lifted its holdings in shares of Saia by 26.3% in the 2nd quarter. Thrive Wealth Management LLC now owns 734 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 153 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $296.50 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The company has a market cap of $7.90 billion, a P/E ratio of 27.38, a PEG ratio of 13.59 and a beta of 2.00. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a 50-day moving average price of $302.60 and a 200 day moving average price of $295.09.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SAIA. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a report on Wednesday, October 8th. Benchmark reissued a “buy” rating and issued a $360.00 target price on shares of Saia in a report on Thursday, September 25th. UBS Group boosted their target price on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. reduced their target price on shares of Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $337.78.

Saia Company Profile

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.