American Century Companies Inc. boosted its position in shares of Saia Inc (NASDAQ:SAIA) by 197.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,960 shares of the transportation company’s stock after buying an additional 76,971 shares during the period. American Century Companies Inc. owned about 0.46% of Saia worth $5,137,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Saia during the fourth quarter worth about $130,000. Envestnet Asset Management Inc. boosted its position in shares of Saia by 169.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,087 shares of the transportation company’s stock worth $180,000 after buying an additional 2,569 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Saia during the fourth quarter worth about $199,000. Finally, Trexquant Investment LP purchased a new position in shares of Saia during the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 99.74% of the company’s stock.
Shares of Saia Inc (NASDAQ:SAIA) opened at 46.20 on Friday. Saia Inc has a 12 month low of $23.27 and a 12 month high of $50.80. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 24.46 and a beta of 0.51. The stock has a 50 day moving average of $44.73 and a 200-day moving average of $45.33.
Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 28th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Saia had a return on equity of 10.41% and a net margin of 3.94%. The company had revenue of $317 million for the quarter, compared to analysts’ expectations of $306.80 million. During the same period last year, the business earned $0.42 EPS. Saia’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, analysts forecast that Saia Inc will post $2.11 EPS for the current year.
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A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday. Cowen and Company lifted their price target on shares of Saia from $36.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, February 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Saia has an average rating of “Buy” and an average price target of $48.67.
In related news, VP Brian A. Balius sold 18,000 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $46.31, for a total value of $833,580.00. Following the transaction, the vice president now directly owns 15,712 shares in the company, valued at approximately $727,622.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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