Russell Investments Group Ltd. lowered its holdings in Saia Inc (NASDAQ:SAIA) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,529 shares of the transportation company’s stock after selling 648 shares during the period. Russell Investments Group Ltd. owned approximately 0.43% of Saia worth $7,275,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SAIA. SG Americas Securities LLC bought a new stake in Saia in the 2nd quarter valued at about $145,000. WINTON GROUP Ltd bought a new stake in Saia in the 2nd quarter valued at about $207,000. Everence Capital Management Inc. bought a new stake in Saia in the 1st quarter valued at about $210,000. CIBC Asset Management Inc bought a new stake in shares of Saia during the 2nd quarter worth approximately $211,000. Finally, AlphaCrest Capital Management LLC bought a new stake in shares of Saia during the 1st quarter worth approximately $348,000.
SAIA has been the subject of a number of recent analyst reports. Seaport Global Securities set a $100.00 price target on shares of Saia and gave the stock a “buy” rating in a report on Wednesday, September 4th. Stephens raised shares of Saia from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $75.00 to $96.00 in a report on Thursday, August 1st. Buckingham Research upped their price target on shares of Saia from $76.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. ValuEngine raised shares of Saia from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, KeyCorp upped their price target on shares of Saia from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $80.67.
Shares of Saia stock traded up $0.55 on Thursday, reaching $92.63. 12,950 shares of the stock were exchanged, compared to its average volume of 219,413. The firm’s 50 day moving average is $80.34 and its 200-day moving average is $68.02. The firm has a market cap of $2.42 billion, a PE ratio of 23.21 and a beta of 1.09. Saia Inc has a one year low of $52.04 and a one year high of $94.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.10 and a current ratio of 1.10.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The business had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $449.42 million. Saia had a net margin of 6.61% and a return on equity of 15.90%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 EPS. On average, equities research analysts expect that Saia Inc will post 4.61 EPS for the current fiscal year.
Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.
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