Virginia Retirement Systems ET AL Buys 9,800 Shares of Saia, Inc. (SAIA)
Virginia Retirement Systems ET AL lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 38.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,500 shares of the transportation company’s stock after purchasing an additional 9,800 shares during the period. Virginia Retirement Systems ET AL owned about 0.14% of Saia worth $2,224,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. increased its stake in shares of Saia by 4,376.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,880 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 1,838 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Saia by 69.8% in the 2nd quarter. Flinton Capital Management LLC now owns 2,482 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 1,020 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Saia by 68.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,531 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 1,031 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Saia in the 3rd quarter valued at about $179,000. Finally, 1st Global Advisors Inc. purchased a new position in shares of Saia in the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 99.91% of the company’s stock.
SAIA has been the subject of several recent analyst reports. Wolfe Research lowered Saia from an “outperform” rating to a “market perform” rating in a research note on Friday, October 6th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Cowen restated a “hold” rating and issued a $55.00 price target on shares of Saia in a research note on Friday, September 8th. ValuEngine upgraded Saia from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 price objective on shares of Saia in a report on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $50.33.
In other news, VP Raymond R. Ramu sold 7,293 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $474,045.00. Following the transaction, the vice president now directly owns 20,996 shares in the company, valued at approximately $1,364,740. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Odell sold 40,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $64.54, for a total value of $2,626,778.00. Following the transaction, the chief executive officer now owns 48,634 shares in the company, valued at $3,138,838.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,405 shares of company stock worth $3,451,982. 1.50% of the stock is currently owned by insiders.
Shares of Saia, Inc. (NASDAQ:SAIA) opened at $67.75 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Saia, Inc. has a twelve month low of $41.28 and a twelve month high of $68.70. The stock has a market capitalization of $1,668.34, a PE ratio of 31.62 and a beta of 0.90.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). Saia had a return on equity of 10.61% and a net margin of 4.05%. The firm had revenue of $350.06 million during the quarter, compared to analyst estimates of $344.46 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. equities research analysts anticipate that Saia, Inc. will post 2.16 earnings per share for the current year.
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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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