Prudential Financial Inc. raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,908 shares of the transportation company’s stock after buying an additional 510 shares during the period. Prudential Financial Inc. owned about 0.17% of Saia worth $1,945,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in 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 during the last quarter. Envestnet Asset Management Inc. boosted its position in 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 during the last quarter. Mason Street Advisors LLC boosted its position in Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock worth $264,000 after buying an additional 477 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock worth $302,000 after buying an additional 1,074 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock worth $302,000 after buying an additional 306 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.
Shares of Saia, Inc. (NASDAQ SAIA) traded down 1.30% during trading on Tuesday, hitting $52.95. 194,407 shares of the stock traded hands. The company’s 50 day moving average is $51.44 and its 200 day moving average is $47.58. Saia, Inc. has a 52-week low of $27.96 and a 52-week high of $58.00. The firm has a market cap of $1.34 billion, a PE ratio of 25.69 and a beta of 0.78.
Saia (NASDAQ:SAIA) last issued its earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $358.20 million for the quarter, compared to the consensus estimate of $348.53 million. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. On average, equities research analysts predict that Saia, Inc. will post $2.21 EPS for the current year.
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A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub lowered shares of Saia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Cowen and Company boosted their price target on shares of Saia from $49.00 to $50.00 and gave the stock a “market perform” rating in a research report on Monday, May 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $52.33.
In other news, Director Douglas Wayne Rockel sold 3,112 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $53.70, for a total value of $167,114.40. Following the transaction, the director now owns 7,314 shares in the company, valued at approximately $392,761.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herbert A. Trucksess III sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $54.09, for a total value of $1,622,700.00. Following the completion of the transaction, the director now owns 183,442 shares in the company, valued at approximately $9,922,377.78. The disclosure for this sale can be found here. Insiders sold a total of 54,512 shares of company stock worth $2,948,508 in the last quarter. 1.50% of the stock is 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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