Saia, Inc. (SAIA) Stake Increased by American Century Companies Inc.
American Century Companies Inc. lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,140 shares of the transportation company’s stock after buying an additional 10,180 shares during the quarter. American Century Companies Inc. owned about 0.50% of Saia worth $6,471,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in shares of Saia by 2.9% during the 1st 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 Saia by 8.7% in the 1st quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock valued at $264,000 after purchasing an additional 477 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Saia by 4.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 306 shares during the last quarter. Capstone Asset Management Co. raised its position in Saia by 18.7% in the 1st quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in Saia in the 1st quarter valued at $332,000. Institutional investors and hedge funds own 96.99% of the company’s stock.
Shares of Saia, Inc. (SAIA) opened at 58.30 on Friday. The company has a 50-day moving average of $54.03 and a 200 day moving average of $48.77. The stock has a market cap of $1.47 billion, a P/E ratio of 28.29 and a beta of 0.80. Saia, Inc. has a 52-week low of $27.96 and a 52-week high of $59.25.
Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm had revenue of $358.20 million for the quarter, compared to analysts’ expectations of $348.53 million. During the same period last year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts forecast that Saia, Inc. will post $2.20 EPS for the current fiscal year.
Several analysts recently commented on SAIA shares. Zacks Investment Research upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, May 17th. BidaskClub downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Cowen and Company upped their price target on shares of Saia from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $48.00 price target (up previously from $44.00) on shares of Saia in a research report on Monday, July 31st. Finally, ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $52.33.
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In related news, Director Herbert A. Trucksess III sold 15,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $54.33, for a total transaction of $814,950.00. Following the transaction, the director now directly owns 183,442 shares in the company, valued at $9,966,403.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Odell sold 6,400 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $53.71, for a total value of $343,744.00. Following the transaction, the chief executive officer now owns 9,034 shares in the company, valued at $485,216.14. The disclosure for this sale can be found here. Insiders have sold 74,576 shares of company stock worth $4,053,452 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
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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