Thrivent Financial For Lutherans grew its position in Saia, Inc. (NASDAQ:SAIA) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 722,480 shares of the transportation company’s stock after purchasing an additional 38,530 shares during the quarter. Thrivent Financial For Lutherans owned approximately 2.86% of Saia worth $37,063,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Saia by 49,565.9% in the 1st quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock valued at $136,190,000 after purchasing an additional 3,068,128 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Saia by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company’s stock valued at $94,620,000 after purchasing an additional 9,523 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Saia by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,266,416 shares of the transportation company’s stock valued at $56,102,000 after purchasing an additional 76,431 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Saia by 652.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 815,422 shares of the transportation company’s stock valued at $36,124,000 after purchasing an additional 706,982 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Saia by 6.8% in the 2nd quarter. Victory Capital Management Inc. now owns 739,873 shares of the transportation company’s stock valued at $37,955,000 after purchasing an additional 47,155 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.
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Several equities research analysts recently commented on SAIA shares. ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded 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, May 25th. BidaskClub upgraded shares of Saia from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Cowen and Company reiterated a “hold” rating and set a $55.00 price target on shares of Saia in a research note on Friday, September 8th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $48.00 price target (up from $44.00) on shares of Saia in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $52.33.
Shares of Saia, Inc. (NASDAQ SAIA) traded up 1.11% during midday trading on Monday, reaching $59.35. 22,359 shares of the company traded hands. The firm has a market capitalization of $1.50 billion, a P/E ratio of 28.80 and a beta of 0.80. Saia, Inc. has a 12 month low of $27.96 and a 12 month high of $59.90. The company has a 50 day moving average of $54.75 and a 200 day moving average of $49.09.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The firm had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. On average, equities research analysts predict that Saia, Inc. will post $2.19 earnings per share for the current fiscal year.
In related news, insider Stephanie Maschmeier sold 5,925 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $53.20, for a total value of $315,210.00. Following the sale, the insider now directly owns 9,150 shares of the company’s stock, valued at $486,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Herbert A. Trucksess III sold 15,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $54.33, for a total transaction of $814,950.00. Following the completion of the sale, the director now directly owns 183,442 shares in the company, valued at $9,966,403.86. The disclosure for this sale can be found here. Insiders sold 74,576 shares of company stock worth $4,053,452 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
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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