Deutsche Bank AG Raises Stake in Saia, Inc. $SAIA

Key Points

• Deutsche Bank AG increased its ownership of Saia, Inc. by 25.9% during the first quarter, acquiring 9,702 shares for a total of 47,205 shares valued at approximately $16.5 million.
• Saia's earnings per share for the latest quarter was $2.67, exceeding estimates, but its revenue of $817.12 million fell short of expectations by 0.7% year-over-year.
• Analysts have varying opinions on Saia, with a consensus rating of "Hold" and a price target average of $347.16, while some upgrades include target prices ranging from $300.00 to $365.00.

Deutsche Bank AG boosted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 25.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,205 shares of the transportation company's stock after buying an additional 9,702 shares during the quarter. Deutsche Bank AG owned approximately 0.18% of Saia worth $16,495,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Core Wealth Advisors Inc. raised its holdings in Saia by 3.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock valued at $319,000 after buying an additional 26 shares during the last quarter. Heritage Family Offices LLP raised its holdings in Saia by 4.1% in the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock valued at $259,000 after buying an additional 29 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Saia by 127.0% in the 1st 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 last quarter. Portside Wealth Group LLC raised its holdings in Saia by 4.6% in the 1st quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company's stock valued at $421,000 after buying an additional 53 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in Saia by 11.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 536 shares of the transportation company's stock valued at $244,000 after buying an additional 55 shares during the last quarter.

Saia Stock Performance

Shares of SAIA traded down $2.13 on Monday, reaching $297.27. 81,558 shares of the company's stock traded hands, compared to its average volume of 650,257. The stock's 50 day simple moving average is $287.94 and its two-hundred day simple moving average is $327.69. 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 stock has a market cap of $7.92 billion, a PE ratio of 27.45, a PEG ratio of 13.81 and a beta of 1.99. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. The company had revenue of $817.12 million for 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%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.83 EPS. On average, analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. BMO Capital Markets lowered shares of Saia from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $455.00 to $285.00 in a report on Friday, April 25th. 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. Evercore ISI raised their price target on shares of Saia from $297.00 to $345.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and raised their price target for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. Finally, Raymond James Financial set a $310.00 price target on shares of Saia and gave the stock an "outperform" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $347.16.

Saia 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.