Saia Inc. (SAIA) Stake Boosted by Macquarie Group Ltd.
Macquarie Group Ltd. boosted its stake in shares of Saia Inc. (NASDAQ:SAIA) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 596,889 shares of the company’s stock after buying an additional 15,519 shares during the period. Macquarie Group Ltd. owned approximately 2.38% of Saia worth $15,006,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. increased its position in Saia by 0.5% in the second quarter. TD Asset Management Inc. now owns 19,800 shares of the company’s stock valued at $498,000 after buying an additional 100 shares during the last quarter. Lombardia Capital Partners LLC increased its position in Saia by 17.2% in the second quarter. Lombardia Capital Partners LLC now owns 19,416 shares of the company’s stock valued at $488,000 after buying an additional 2,846 shares during the last quarter. California Public Employees Retirement System increased its position in Saia by 15.0% in the second quarter. California Public Employees Retirement System now owns 79,050 shares of the company’s stock valued at $1,987,000 after buying an additional 10,300 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Saia during the second quarter valued at about $2,319,000. Finally, Rothschild Asset Management Inc. purchased a new position in Saia during the second quarter valued at about $3,112,000. 97.72% of the stock is currently owned by hedge funds and other institutional investors.
Saia Inc. (NASDAQ:SAIA) traded down 0.24% during midday trading on Tuesday, reaching $41.90. 64,043 shares of the company’s stock traded hands. Saia Inc. has a 1-year low of $18.28 and a 1-year high of $42.90. The firm’s 50 day moving average price is $35.55 and its 200-day moving average price is $29.64. The company has a market capitalization of $1.05 billion, a PE ratio of 21.82 and a beta of 0.57.
Saia (NASDAQ:SAIA) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business earned $316 million during the quarter, compared to analysts’ expectations of $310.27 million. Saia had a net margin of 4.07% and a return on equity of 10.74%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Equities analysts expect that Saia Inc. will post $1.90 EPS for the current year.
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Several research firms recently issued reports on SAIA. Zacks Investment Research raised Saia from a “sell” rating to a “hold” rating in a research report on Saturday, October 29th. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. TheStreet raised Saia from a “hold” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Cowen and Company upped their target price on Saia from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, August 1st. One 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.25.
In other news, CEO Richard D. Odell sold 13,000 shares of Saia stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $42.00, for a total transaction of $546,000.00. Following the completion of the sale, the chief executive officer now directly owns 29,532 shares of the company’s stock, valued at approximately $1,240,344. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mark H. Robinson sold 9,783 shares of Saia stock in a transaction on Friday, October 28th. The stock was sold at an average price of $34.52, for a total transaction of $337,709.16. Following the sale, the vice president now directly owns 6,818 shares of the company’s stock, valued at $235,357.36. The disclosure for this sale can be found here. 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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