Amundi Increases Holdings in Saia, Inc. $SAIA

Key Points

• Amundi significantly increased its stake in Saia, Inc. by 8,842.8% during the 1st quarter, owning 47,218 shares valued at over $15 million.
• Saia reported $2.67 earnings per share for the last quarter, exceeding estimates, although revenue declined 0.7% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" on Saia, with target prices ranging from $306 to $393 following recent upgrades.

Amundi boosted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 8,842.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,218 shares of the transportation company's stock after acquiring an additional 46,690 shares during the quarter. Amundi owned 0.18% of Saia worth $15,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after buying an additional 47 shares during the period. NBC Securities Inc. purchased a new position in shares of Saia during the first quarter valued at approximately $43,000. Group One Trading LLC lifted its holdings in shares of Saia by 114.4% during the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock valued at $111,000 after purchasing an additional 1,934 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Saia during the first quarter valued at approximately $135,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Saia by 20.2% during the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company's stock valued at $154,000 after purchasing an additional 74 shares during the last quarter.

Saia Price Performance

Saia stock traded down $3.15 during mid-day trading on Friday, hitting $312.63. The stock had a trading volume of 343,142 shares, compared to its average volume of 507,768. The firm has a market capitalization of $8.33 billion, a P/E ratio of 28.87, a P/E/G ratio of 14.46 and a beta of 2.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm's 50 day moving average is $301.06 and its 200 day moving average is $306.19. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.28. The company had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. Saia's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.83 EPS. On average, sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAIA. Barclays boosted their price objective on shares of Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Citigroup decreased their price objective on shares of Saia from $393.00 to $373.00 and set a "buy" rating for the company in a report on Wednesday. Susquehanna raised shares of Saia from a "neutral" rating to a "positive" rating and boosted their price objective for the company from $340.00 to $360.00 in a report on Wednesday. Bank of America boosted their target price on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company boosted their target price on shares of Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $347.16.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.