2,967 Shares in Saia, Inc. $SAIA Bought by Strs Ohio

Key Points

• Strs Ohio acquired a new position in Saia, Inc., investing approximately $1.04 million in 2,967 shares during the first quarter.
• Multiple hedge funds increased their stakes in Saia, with notable increases of up to 127% by Golden State Wealth Management and new positions worth around $135,000 by Picton Mahoney Asset Management.
• Analysts have a consensus rating of "Moderate Buy" for Saia, with target prices ranging from $300 to $373, following recent upgrades from Susquehanna and other firms.

Strs Ohio purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,967 shares of the transportation company's stock, valued at approximately $1,037,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after purchasing an additional 47 shares in the last quarter. NBC Securities Inc. purchased a new position in Saia in the first quarter valued at about $43,000. Group One Trading LLC raised its stake in shares of Saia by 114.4% during the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock worth $111,000 after purchasing an additional 1,934 shares in the last quarter. Mattson Financial Services LLC lifted its holdings in shares of Saia by 17.5% during the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company's stock valued at $133,000 after buying an additional 57 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Saia in the 1st quarter valued at approximately $135,000.

Saia Trading Down 2.3%

SAIA traded down $7.22 during mid-day trading on Monday, hitting $302.82. The stock had a trading volume of 561,737 shares, compared to its average volume of 522,055. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 14.19 and a beta of 2.00. 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 stock's fifty day simple moving average is $303.03 and its 200-day simple moving average is $301.60. 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 issued 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 return on equity of 12.42% and a net margin of 8.96%.The business had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same period in the previous year, the firm earned $3.83 EPS. Saia's quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several analyst reports. Stephens increased their target price on shares of Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Stifel Nicolaus reissued a "hold" rating and issued a $306.00 price objective (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Zacks Research upgraded shares of Saia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and boosted their price target for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Saia from $295.00 to $380.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $347.16.

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.