Rhumbline Advisers Raises Stake in Saia, Inc. (SAIA)

Rhumbline Advisers grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,398 shares of the transportation company’s stock after purchasing an additional 1,075 shares during the period. Rhumbline Advisers owned about 0.21% of Saia worth $3,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Texas Permanent School Fund increased its holdings in shares of Saia by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 18,579 shares of the transportation company’s stock valued at $953,000 after purchasing an additional 160 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Saia by 0.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock valued at $3,501,000 after buying an additional 347 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its stake in shares of Saia by 1.0% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 40,800 shares of the transportation company’s stock valued at $2,093,000 after buying an additional 409 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Saia by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,906 shares of the transportation company’s stock valued at $1,021,000 after buying an additional 661 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Saia by 4.3% in the 2nd quarter. TD Asset Management Inc. now owns 19,474 shares of the transportation company’s stock valued at $999,000 after buying an additional 800 shares in the last quarter. Institutional investors own 99.91% of the company’s stock.

In other Saia news, CEO Richard D. Odell sold 40,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total transaction of $2,626,778.00. Following the completion of the sale, the chief executive officer now owns 48,634 shares of the company’s stock, valued at $3,138,838.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Frederick J. Holzgrefe III sold 1,322 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $64.53, for a total value of $85,308.66. Following the sale, the vice president now directly owns 31,668 shares of the company’s stock, valued at approximately $2,043,536.04. The disclosure for this sale can be found here. Insiders have sold 53,405 shares of company stock valued at $3,451,982 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Shares of Saia, Inc. (NASDAQ SAIA) opened at $68.35 on Friday. The stock has a market capitalization of $1,697.66, a P/E ratio of 32.17 and a beta of 0.90. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21. Saia, Inc. has a 12-month low of $41.28 and a 12-month high of $68.75.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $350.06 million for the quarter, compared to the consensus estimate of $344.46 million. Saia had a return on equity of 10.61% and a net margin of 4.05%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. equities analysts forecast that Saia, Inc. will post 2.16 EPS for the current fiscal year.

Several equities research analysts recently commented on SAIA shares. ValuEngine raised Saia from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Wolfe Research cut Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Morgan Stanley boosted their price target on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Zacks Investment Research cut Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Cowen reissued a “hold” rating and issued a $55.00 price target on shares of Saia in a research note on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $50.33.

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Saia 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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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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