BNP Paribas Arbitrage SA boosted its holdings in shares of Saia Inc (NASDAQ:SAIA) by 602.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,829 shares of the transportation company’s stock after acquiring an additional 4,999 shares during the period. BNP Paribas Arbitrage SA’s holdings in Saia were worth $356,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Saia in the 1st quarter worth approximately $1,373,000. Rosenblum Silverman Sutton S F Inc. CA lifted its holdings in shares of Saia by 172.2% in the 1st quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 18,590 shares of the transportation company’s stock worth $1,136,000 after acquiring an additional 11,760 shares during the last quarter. Pier Capital LLC lifted its holdings in shares of Saia by 6.1% in the 1st quarter. Pier Capital LLC now owns 122,061 shares of the transportation company’s stock worth $7,458,000 after acquiring an additional 6,977 shares during the last quarter. Wedbush Securities Inc. acquired a new position in shares of Saia in the 1st quarter worth approximately $215,000. Finally, Hodges Capital Management Inc. lifted its holdings in shares of Saia by 4.2% in the 1st quarter. Hodges Capital Management Inc. now owns 190,070 shares of the transportation company’s stock worth $11,613,000 after acquiring an additional 7,615 shares during the last quarter.
In other Saia news, VP Paul C. Peck sold 1,265 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total value of $86,020.00. Following the sale, the vice president now directly owns 1,128 shares of the company’s stock, valued at approximately $76,704. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
Saia stock opened at $66.31 on Monday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 16.62 and a beta of 1.07. Saia Inc has a 52-week low of $52.04 and a 52-week high of $87.05. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18.
Saia (NASDAQ:SAIA) last released its earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The business had revenue of $410.60 million for the quarter, compared to analyst estimates of $410.25 million. During the same quarter last year, the company earned $0.77 earnings per share. Saia’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts expect that Saia Inc will post 4.58 earnings per share for the current fiscal year.
Several brokerages have recently commented on SAIA. BidaskClub upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Buckingham Research set a $84.00 target price on shares of Saia and gave the stock a “buy” rating in a report on Tuesday, February 5th. Seaport Global Securities reiterated a “neutral” rating on shares of Saia in a report on Friday, April 5th. Zacks Investment Research upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Thursday, February 21st. Finally, ValuEngine upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $72.58.
Saia Company Profile
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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