Saia, Inc. (SAIA) Shares Sold by Susquehanna International Group LLP
Susquehanna International Group LLP decreased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 70.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,939 shares of the transportation company’s stock after selling 21,431 shares during the quarter. Susquehanna International Group LLP’s holdings in Saia were worth $459,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Saia by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,906 shares of the transportation company’s stock worth $1,021,000 after acquiring an additional 661 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Saia during the 2nd quarter worth approximately $236,000. Flinton Capital Management LLC boosted its stake in shares of Saia by 69.8% during the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock worth $127,000 after acquiring an additional 1,020 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Saia by 9.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 893,674 shares of the transportation company’s stock worth $45,845,000 after acquiring an additional 78,252 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Saia by 16.3% during the 2nd quarter. Stifel Financial Corp now owns 263,402 shares of the transportation company’s stock worth $13,515,000 after acquiring an additional 36,838 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of Saia, Inc. (SAIA) traded down 3.85% on Friday, reaching $57.40. The company’s stock had a trading volume of 131,500 shares. The stock has a market capitalization of $1.45 billion, a PE ratio of 27.85 and a beta of 0.85. The stock has a 50-day moving average of $59.01 and a 200 day moving average of $51.24. Saia, Inc. has a 1-year low of $28.57 and a 1-year high of $63.05.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. During the same quarter last year, the business posted $0.52 EPS. The company’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts forecast that Saia, Inc. will post $2.17 EPS for the current year.
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SAIA has been the topic of several research analyst reports. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Cowen and Company reissued a “hold” rating and set a $55.00 price target on shares of Saia in a research note on Friday, September 8th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Wolfe Research lowered Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Finally, Morgan Stanley upped their target price on Saia from $32.00 to $34.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $50.33.
In other Saia news, Director Herbert A. Trucksess III sold 10,000 shares of Saia stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.54, for a total transaction of $565,400.00. Following the completion of the sale, the director now owns 158,442 shares of the company’s stock, valued at approximately $8,958,310.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephanie Maschmeier sold 5,925 shares of Saia stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $53.20, for a total transaction of $315,210.00. Following the sale, the insider now directly owns 9,150 shares of the company’s stock, valued at approximately $486,780. The disclosure for this sale can be found here. Insiders sold a total of 74,576 shares of company stock valued at $4,053,452 in the last ninety days. Company insiders own 1.50% of the company’s stock.
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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