Saia Inc (SAIA) Shares Bought by US Bancorp DE
US Bancorp DE increased its stake in shares of Saia Inc (NASDAQ:SAIA) by 7.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,296 shares of the transportation company’s stock after purchasing an additional 1,392 shares during the period. US Bancorp DE’s holdings in Saia were worth $1,366,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Saia by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock worth $67,631,000 after buying an additional 51,915 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Saia by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,017,007 shares of the transportation company’s stock worth $71,953,000 after buying an additional 52,587 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Saia by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 422,361 shares of the transportation company’s stock worth $26,461,000 after buying an additional 9,026 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Saia by 10.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 345,510 shares of the transportation company’s stock worth $21,647,000 after buying an additional 32,939 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management lifted its holdings in Saia by 10.7% during the 3rd quarter. Mesirow Financial Investment Management Equity Management now owns 335,840 shares of the transportation company’s stock worth $21,039,000 after buying an additional 32,595 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Bjorn E. Olsson sold 3,000 shares of Saia stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $73.51, for a total transaction of $220,530.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard D. Odell sold 53,171 shares of Saia stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $74.02, for a total transaction of $3,935,717.42. Following the sale, the chief executive officer now owns 12,972 shares in the company, valued at $960,187.44. The disclosure for this sale can be found here. Insiders sold a total of 81,709 shares of company stock worth $6,040,524 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. Saia had a net margin of 6.61% and a return on equity of 10.80%. The business had revenue of $353.20 million for the quarter, compared to analyst estimates of $343.26 million. During the same period last year, the business earned $0.40 EPS. The company’s revenue was up 17.7% on a year-over-year basis. sell-side analysts anticipate that Saia Inc will post 3.54 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on SAIA shares. Zacks Investment Research upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, January 2nd. BidaskClub upgraded shares of Saia from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 13th. Seaport Global Securities reiterated a “buy” rating on shares of Saia in a report on Tuesday, December 5th. ValuEngine lowered shares of Saia from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Cowen raised their price objective on shares of Saia from $61.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 5th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $63.75.
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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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