Rothschild Asset Management Inc. Boosts Stake in Saia, Inc. (NASDAQ:SAIA)
Rothschild Asset Management Inc. increased its position in Saia, Inc. (NASDAQ:SAIA) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,157 shares of the transportation company’s stock after buying an additional 377 shares during the period. Rothschild Asset Management Inc.’s holdings in Saia were worth $11,191,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock worth $264,000 after buying an additional 477 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock worth $302,000 after buying an additional 1,074 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock worth $302,000 after buying an additional 306 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Saia during the first quarter worth about $332,000. Institutional investors own 98.43% of the company’s stock.
Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $358.20 million for the quarter, compared to analyst estimates of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS.
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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub lowered shares of Saia from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Cowen and Company upped their target price on shares of Saia from $49.00 to $50.00 and gave the stock a “market perform” rating in a research report on Monday, May 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $52.33.
In other Saia news, Director Herbert A. Trucksess III sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $54.09, for a total transaction of $1,622,700.00. Following the sale, the director now directly owns 183,442 shares of the company’s stock, valued at approximately $9,922,377.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Wayne Rockel sold 3,112 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $53.70, for a total transaction of $167,114.40. Following the sale, the director now directly owns 7,314 shares in the company, valued at $392,761.80. The disclosure for this sale can be found here. Insiders have sold a total of 54,512 shares of company stock worth $2,948,508 over the last ninety days. 1.50% of the stock is currently owned by insiders.
Saia Company Profile
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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