Saia, Inc. (NASDAQ:SAIA) Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 72.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,552 shares of the transportation company's stock after buying an additional 38,000 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.34% of Saia worth $41,267,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Kestra Investment Management LLC purchased a new stake in shares of Saia in the fourth quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $28,000 after purchasing an additional 38 shares during the last quarter. Atala Financial Inc acquired a new position in shares of Saia in the fourth quarter valued at approximately $36,000. Huntington National Bank raised its position in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after buying an additional 49 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on SAIA shares. JPMorgan Chase & Co. lowered their target price on shares of Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. TD Cowen increased their price target on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Stifel Nicolaus set a $277.00 price objective on Saia in a research report on Monday, April 28th. Citigroup dropped their target price on Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley set a $250.00 price target on Saia in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of "Hold" and a consensus target price of $345.16.

Saia Stock Down 1.4%

NASDAQ:SAIA traded down $3.72 during mid-day trading on Monday, hitting $264.32. The company had a trading volume of 427,907 shares, compared to its average volume of 496,172. The business has a fifty day simple moving average of $312.57 and a 200-day simple moving average of $420.76. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The company had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 EPS. Equities analysts forecast that Saia, Inc. will post 15.46 earnings per share 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.