Saia, Inc. $SAIA Shares Acquired by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC increased its stake in Saia, Inc. by 9.7%, owning 23,124 shares worth approximately $6.34 million at the end of the last quarter.
• Saia's stock price opened at $310.39, with a 52-week high of $624.55 and an average target price of $340.28, according to analysts' ratings.
• The company reported earnings of $2.67 per share for the last quarter, surpassing projections, though revenue showed a 0.7% decline year-over-year.

Mutual of America Capital Management LLC raised its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,124 shares of the transportation company's stock after purchasing an additional 2,039 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Saia worth $6,336,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares during the period. Blue Trust Inc. lifted its stake in shares of Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company's stock worth $57,000 after acquiring an additional 72 shares during the period. CWM LLC lifted its stake in shares of Saia by 21.6% in the 2nd quarter. CWM LLC now owns 248 shares of the transportation company's stock worth $68,000 after acquiring an additional 44 shares during the period. Mattson Financial Services LLC lifted its stake in shares of Saia by 17.5% in the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company's stock worth $133,000 after acquiring an additional 57 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Saia in the 1st quarter worth approximately $135,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Saia in a research note on Wednesday, October 8th. Stifel Nicolaus reiterated a "hold" rating and issued a $306.00 target price (up from $277.00) on shares of Saia in a report on Thursday, July 24th. JPMorgan Chase & Co. dropped their target price on shares of Saia from $374.00 to $360.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Stephens boosted their target price on shares of Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, Barclays boosted their target price on shares of Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Saia currently has a consensus rating of "Moderate Buy" and an average target price of $340.28.

Saia Stock Up 1.2%

SAIA stock opened at $310.39 on Tuesday. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The company's 50 day simple moving average is $304.06 and its 200-day simple moving average is $293.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $8.27 billion, a P/E ratio of 28.66, a P/E/G ratio of 14.24 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same quarter in the previous year, the business earned $3.83 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

About Saia

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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