FMR LLC increased its stake in Saia Inc (NASDAQ:SAIA) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882,082 shares of the transportation company’s stock after buying an additional 150,116 shares during the period. FMR LLC owned about 3.52% of Saia worth $38,944,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its stake in shares of Saia by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,560 shares of the transportation company’s stock valued at $167,000 after buying an additional 100 shares during the period. Bessemer Group Inc. bought a new stake in shares of Saia during the fourth quarter valued at about $199,000. Princeton Alpha Management LP bought a new stake in shares of Saia during the third quarter valued at about $214,000. GHP Investment Advisors Inc. bought a new stake in shares of Saia during the third quarter valued at about $219,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Saia during the third quarter valued at about $226,000. Institutional investors and hedge funds own 99.74% of the company’s stock.
Shares of Saia Inc (NASDAQ:SAIA) traded up 3.40% during trading on Friday, hitting $45.65. The stock had a trading volume of 143,236 shares. The stock’s 50-day moving average price is $44.41 and its 200-day moving average price is $42.72. Saia Inc has a one year low of $23.27 and a one year high of $50.80. The company has a market cap of $1.15 billion, a P/E ratio of 24.41 and a beta of 0.51.
Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 3rd. The transportation company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by $0.02. The firm earned $300.20 million during the quarter, compared to analyst estimates of $295.22 million. Saia had a return on equity of 10.41% and a net margin of 3.94%. Saia’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. On average, equities research analysts forecast that Saia Inc will post $2.07 EPS for the current fiscal year.
Several analysts recently issued reports on SAIA shares. Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Wednesday. Cowen and Company boosted their price objective on shares of Saia from $36.00 to $49.00 and gave the company a “market perform” rating in a report on Friday, February 3rd. Wolfe Research upgraded shares of Saia from a “market perform” rating to an “outperform” rating in a report on Friday, January 6th. Finally, Raymond James Financial, Inc. lowered shares of Saia from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $50.00 in a report on Tuesday, January 17th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $48.67.
In other news, VP Brian A. Balius sold 18,000 shares of Saia stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 15,712 shares in the company, valued at approximately $727,622.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Mark H. Robinson sold 12,612 shares of Saia stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $48.00, for a total value of $605,376.00. Following the completion of the transaction, the vice president now owns 1,216 shares of the company’s stock, valued at approximately $58,368. The disclosure for this sale can be found here. 1.30% of the stock is currently 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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