Blueshift Asset Management LLC Buys Shares of 1,382 Saia, Inc. (NASDAQ:SAIA)

Key Points

• Blueshift Asset Management LLC acquired a new investment in Saia, Inc., purchasing 1,382 shares valued at approximately $483,000 during the 1st quarter.
• Analysts have recently shown mixed sentiments, with BMO Capital Markets downgrading Saia from "outperform" to "market perform" and lowering the target price from $455.00 to $285.00.
• Saia reported earnings of $2.67 per share for the last quarter, surpassing estimates, yet experienced a year-over-year revenue decline of 0.7%.

Blueshift Asset Management LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,382 shares of the transportation company's stock, valued at approximately $483,000.

A number of other hedge funds also recently bought and sold shares of SAIA. LPL Financial LLC boosted its position in shares of Saia by 22.6% during the 4th quarter. LPL Financial LLC now owns 25,381 shares of the transportation company's stock worth $11,567,000 after acquiring an additional 4,679 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after buying an additional 38 shares during the period. Norges Bank purchased a new position in shares of Saia in the fourth quarter valued at $64,410,000. Pictet Asset Management Holding SA increased its stake in shares of Saia by 4.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,553 shares of the transportation company's stock worth $1,619,000 after purchasing an additional 142 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Saia by 73.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,277 shares of the transportation company's stock valued at $582,000 after purchasing an additional 540 shares in the last quarter.

Analyst Ratings Changes

SAIA has been the subject of several research reports. Bank of America boosted their price objective 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. Stephens raised their target price on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Benchmark increased their price objective on shares of Saia from $325.00 to $360.00 and gave the company a "buy" rating in a report on Monday, July 28th. Citigroup reissued a "buy" rating and set a $393.00 price objective (up from $350.00) on shares of Saia in a research note on Monday, July 28th. Finally, Stifel Nicolaus restated a "hold" rating and set a $306.00 price target (up previously from $277.00) on shares of Saia in a report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Saia presently has a consensus rating of "Hold" and an average price target of $347.16.

Saia Stock Performance

Shares of SAIA stock traded up $7.72 during trading hours on Monday, hitting $300.81. The company's stock had a trading volume of 390,110 shares, compared to its average volume of 739,270. 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 company has a 50 day moving average of $282.27 and a 200 day moving average of $340.24. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The stock has a market cap of $8.01 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 13.51 and a beta of 1.99.

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

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.