Legal & General Group Plc lifted its stake in Saia Inc (NASDAQ:SAIA) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,257 shares of the transportation company’s stock after acquiring an additional 4,326 shares during the period. Legal & General Group Plc’s holdings in Saia were worth $4,609,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of SAIA. Parallel Advisors LLC raised its stake in shares of Saia by 1,043.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 1,450 shares in the last quarter. C M Bidwell & Associates Ltd. increased its position in Saia by 107.1% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 2,340 shares of the transportation company’s stock worth $179,000 after buying an additional 1,210 shares during the period. United Capital Management of KS Inc. bought a new position in Saia in the 3rd quarter worth approximately $235,000. Janus Henderson Group PLC bought a new position in Saia in the 3rd quarter worth approximately $322,000. Finally, Jane Street Group LLC bought a new position in Saia in the 3rd quarter worth approximately $323,000.
Several research analysts have commented on the company. Morgan Stanley lifted their price target on Saia from $57.00 to $59.00 and gave the stock a “sell” rating in a research report on Tuesday, October 9th. BidaskClub downgraded Saia from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Buckingham Research set a $84.00 price target on Saia and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded Saia from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Finally, ValuEngine raised Saia from a “sell” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $72.90.
Shares of NASDAQ:SAIA opened at $67.17 on Wednesday. Saia Inc has a 1-year low of $52.04 and a 1-year high of $87.05. The company has a market cap of $1.56 billion, a PE ratio of 30.67 and a beta of 1.04. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15.
Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Monday, February 4th. The transportation company reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.09. Saia had a return on equity of 14.85% and a net margin of 7.96%. The company had revenue of $406.80 million for the quarter, compared to analyst estimates of $396.82 million. During the same quarter last year, the firm earned $0.53 EPS. Saia’s revenue for the quarter was up 12.9% compared to the same quarter last year. Research analysts expect that Saia Inc will post 3.89 EPS for the current year.
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Saia Company Profile
Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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