BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 52,552 shares of the transportation company's stock, valued at approximately $22,979,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.20% of Saia as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Wasatch Advisors LP raised its holdings in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock valued at $302,761,000 after purchasing an additional 64,351 shares during the period. Appian Way Asset Management LP acquired a new position in Saia during the third quarter worth approximately $7,116,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Saia by 5.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,447 shares of the transportation company's stock valued at $33,864,000 after buying an additional 3,901 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Saia by 1.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,016 shares of the transportation company's stock valued at $2,631,000 after buying an additional 114 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in shares of Saia during the 3rd quarter worth approximately $854,000.
Insider Transactions at Saia
In other Saia news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on SAIA. Bank of America increased their price target on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Evercore ISI cut their target price on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. TD Cowen lifted their target price on shares of Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a report on Thursday, September 5th. Jefferies Financial Group raised their price objective on shares of Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Citigroup boosted their price objective on Saia from $534.00 to $651.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $506.00.
Check Out Our Latest Stock Analysis on Saia
Saia Price Performance
SAIA stock traded up $4.70 during mid-day trading on Friday, hitting $569.08. The stock had a trading volume of 160,650 shares, compared to its average volume of 322,899. The firm has a fifty day simple moving average of $484.51 and a 200 day simple moving average of $446.00. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $15.13 billion, a P/E ratio of 40.65, a P/E/G ratio of 3.14 and a beta of 1.73.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $3.67 earnings per share. As a group, research analysts forecast that Saia, Inc. will post 13.54 EPS for the current year.
Saia Profile
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Free Report)
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.
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