Saia, Inc. $SAIA Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,309 shares of the transportation company’s stock after selling 234 shares during the quarter. Bank of Montreal Can’s holdings in Saia were worth $907,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. South Dakota Investment Council boosted its holdings in shares of Saia by 29.4% during the second quarter. South Dakota Investment Council now owns 9,231 shares of the transportation company’s stock valued at $2,529,000 after acquiring an additional 2,100 shares during the period. GHP Investment Advisors Inc. lifted its position in Saia by 12.8% in the 2nd quarter. GHP Investment Advisors Inc. now owns 8,144 shares of the transportation company’s stock valued at $2,231,000 after purchasing an additional 927 shares during the last quarter. Pier Capital LLC acquired a new position in Saia during the 2nd quarter valued at about $4,060,000. Atria Investments Inc grew its position in Saia by 6.6% in the 2nd quarter. Atria Investments Inc now owns 7,424 shares of the transportation company’s stock worth $2,034,000 after purchasing an additional 462 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Saia by 25.2% in the second quarter. Retirement Systems of Alabama now owns 49,040 shares of the transportation company’s stock valued at $13,436,000 after purchasing an additional 9,882 shares during the period.

Saia Stock Down 1.5%

Shares of SAIA stock opened at $267.92 on Friday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $587.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The business’s fifty day moving average is $298.13 and its 200-day moving average is $288.77. The stock has a market cap of $7.14 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 12.90 and a beta of 2.07.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The business had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. During the same quarter in the prior year, the firm posted $3.46 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Equities analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SAIA shares. Stifel Nicolaus reduced their price objective on Saia from $306.00 to $298.00 and set a “hold” rating for the company in a research report on Tuesday, October 28th. UBS Group lifted their target price on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Wells Fargo & Company decreased their price target on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Benchmark reissued a “buy” rating and set a $360.00 price target on shares of Saia in a report on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $337.67.

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.