Investment Counselors of Maryland LLC acquired a new stake in Saia Inc (NASDAQ:SAIA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 329,265 shares of the transportation company’s stock, valued at approximately $21,294,000. Investment Counselors of Maryland LLC owned about 1.27% of Saia as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Oregon Public Employees Retirement Fund raised its position in Saia by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,951 shares of the transportation company’s stock valued at $608,000 after purchasing an additional 180 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in Saia by 2.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 8,000 shares of the transportation company’s stock valued at $517,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System raised its position in Saia by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock valued at $2,597,000 after purchasing an additional 292 shares during the last quarter. Mason Street Advisors LLC raised its position in Saia by 4.0% in the 1st quarter. Mason Street Advisors LLC now owns 8,300 shares of the transportation company’s stock valued at $507,000 after purchasing an additional 321 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its position in Saia by 6.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,534 shares of the transportation company’s stock valued at $399,000 after purchasing an additional 421 shares during the last quarter.

Shares of Saia stock traded up $1.30 during trading on Wednesday, reaching $83.84. 4,977 shares of the company were exchanged, compared to its average volume of 266,819. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.21. Saia Inc has a twelve month low of $52.04 and a twelve month high of $83.75. The business has a 50-day moving average price of $71.22 and a 200-day moving average price of $65.96. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 21.06 and a beta of 1.13.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Wednesday, July 31st. The transportation company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.08. Saia had a return on equity of 15.90% and a net margin of 6.61%. The business had revenue of $464.00 million during the quarter, compared to analysts’ expectations of $449.42 million. During the same period in the previous year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Saia Inc will post 4.59 EPS for the current fiscal year.

In related news, VP Paul C. Peck sold 6,240 shares of Saia stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $78.00, for a total transaction of $486,720.00. Following the completion of the sale, the vice president now directly owns 7,368 shares of the company’s stock, valued at $574,704. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

A number of research firms have recently weighed in on SAIA. Zacks Investment Research downgraded Saia from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. ValuEngine upgraded Saia from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. KeyCorp boosted their target price on Saia from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Mizuho restated a “hold” rating and set a $75.00 target price on shares of Saia in a research report on Tuesday, July 2nd. Finally, Cowen restated a “hold” rating and set a $70.00 target price on shares of Saia in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Saia currently has a consensus rating of “Buy” and a consensus target price of $78.00.

About Saia

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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