London Co. of Virginia Has $28.56 Million Stock Position in Saia, Inc. $SAIA

London Co. of Virginia raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 50.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 104,245 shares of the transportation company’s stock after buying an additional 34,745 shares during the period. London Co. of Virginia’s holdings in Saia were worth $28,564,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SAIA. Invesco Ltd. grew its position in Saia by 30.3% in the first quarter. Invesco Ltd. now owns 227,765 shares of the transportation company’s stock valued at $79,588,000 after purchasing an additional 52,940 shares in the last quarter. Nuveen LLC acquired a new position in shares of Saia during the 1st quarter worth about $24,660,000. Russell Investments Group Ltd. grew its holdings in shares of Saia by 24.9% in the 1st quarter. Russell Investments Group Ltd. now owns 33,852 shares of the transportation company’s stock valued at $11,829,000 after acquiring an additional 6,750 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Saia by 14.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 130,131 shares of the transportation company’s stock valued at $45,472,000 after acquiring an additional 16,634 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in shares of Saia by 91.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 17,398 shares of the transportation company’s stock valued at $6,079,000 after acquiring an additional 8,329 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAIA. Susquehanna set a $350.00 price target on Saia in a research note on Friday, October 31st. Rothschild Redb raised Saia to a “hold” rating in a report on Wednesday, November 26th. Wells Fargo & Company lowered their target price on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Raymond James Financial decreased their price objective on shares of Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $330.25.

Saia Stock Up 0.4%

SAIA opened at $345.05 on Friday. The stock’s fifty day simple moving average is $295.49 and its 200 day simple moving average is $292.88. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $545.12. The stock has a market cap of $9.19 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 11.01 and a beta of 2.10. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. Saia had a net margin of 8.77% and a return on equity of 11.32%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.46 earnings per share. As a group, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity

In other news, Director Donna E. Epps acquired 422 shares of Saia stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of $277.60 per share, for a total transaction of $117,147.20. Following the completion of the acquisition, the director directly owned 1,852 shares in the company, valued at approximately $514,115.20. The trade was a 29.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the transaction, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. The trade was a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.30% of the company’s stock.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.