Saia Inc. (SAIA) Shares Bought by Swiss National Bank
Swiss National Bank raised its stake in Saia Inc. (NASDAQ:SAIA) by 2.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 42,900 shares of the company’s stock after buying an additional 900 shares during the period. Swiss National Bank owned approximately 0.17% of Saia worth $1,079,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in SAIA. Bank of Montreal Can purchased a new position in shares of Saia during the second quarter valued at about $137,000. Legal & General Group Plc raised its position in shares of Saia by 13.2% in the first quarter. Legal & General Group Plc now owns 5,706 shares of the company’s stock valued at $160,000 after buying an additional 666 shares during the period. C M Bidwell & Associates Ltd. bought a new position in Saia during the first quarter valued at $185,000. Acrospire Investment Management LLC bought a new position in Saia during the first quarter valued at $233,000. Finally, BNP Paribas Arbitrage SA raised its position in Saia by 99.3% in the second quarter. BNP Paribas Arbitrage SA now owns 8,349 shares of the company’s stock valued at $210,000 after buying an additional 4,159 shares during the last quarter. Institutional investors own 97.75% of the company’s stock.
Saia Inc. (NASDAQ:SAIA) traded down 0.03% during midday trading on Monday, hitting $29.95. The stock had a trading volume of 115,663 shares. The company’s 50 day moving average price is $30.09 and its 200-day moving average price is $27.71. Saia Inc. has a 52 week low of $18.28 and a 52 week high of $33.96. The stock has a market capitalization of $749.86 million, a price-to-earnings ratio of 16.29 and a beta of 0.96.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $312 million for the quarter, compared to the consensus estimate of $309.75 million. Saia had a return on equity of 10.61% and a net margin of 3.90%. The company’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities analysts anticipate that Saia Inc. will post $1.85 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. Cowen and Company increased their target price on Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, August 1st. Zacks Investment Research lowered Saia from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. TheStreet raised Saia from a “hold” rating to a “buy” rating in a research note on Friday, August 26th. Finally, Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Saia has a consensus rating of “Hold” and a consensus target price of $29.40.
In related news, VP Mark H. Robinson sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $28.55, for a total transaction of $71,375.00. Following the sale, the vice president now owns 16,602 shares in the company, valued at approximately $473,987.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
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