Bessemer Group Inc. lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 381,913 shares of the transportation company's stock after selling 62,098 shares during the period. Bessemer Group Inc. owned 1.43% of Saia worth $133,452,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of Saia during the fourth quarter valued at approximately $36,000. Huntington National Bank increased its position in shares of Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after acquiring an additional 70 shares in the last quarter. NBC Securities Inc. purchased a new position in Saia in the 1st quarter worth approximately $43,000. Finally, Tortoise Investment Management LLC raised its holdings in Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after acquiring an additional 49 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Barclays downgraded Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Stifel Nicolaus set a $277.00 price target on shares of Saia in a research note on Monday, April 28th. Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. JPMorgan Chase & Co. cut their price objective on Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, BMO Capital Markets downgraded Saia from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $455.00 to $285.00 in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $333.84.
Check Out Our Latest Stock Report on Saia
Saia Price Performance
SAIA traded up $0.65 during trading on Thursday, hitting $270.74. 307,494 shares of the company traded hands, compared to its average volume of 521,655. The company has a market cap of $7.21 billion, a PE ratio of 22.58, a P/E/G ratio of 7.08 and a beta of 2.00. The stock's 50-day simple moving average is $272.80 and its two-hundred day simple moving average is $378.08. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. Saia had a net margin of 9.91% and a return on equity of 14.21%. Saia's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 earnings per share. As a group, sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.
About Saia
(
Free Report)
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.
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