Picton Mahoney Asset Management boosted its position in Saia Inc (NASDAQ:SAIA) by 7.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,760 shares of the transportation company’s stock after purchasing an additional 860 shares during the quarter. Picton Mahoney Asset Management’s holdings in Saia were worth $761,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in Saia by 83.0% in the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock worth $90,000 after purchasing an additional 666 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Saia in the 2nd quarter worth approximately $145,000. WINTON GROUP Ltd purchased a new stake in Saia in the 2nd quarter worth approximately $207,000. CIBC Asset Management Inc purchased a new stake in Saia in the 2nd quarter worth approximately $211,000. Finally, Everence Capital Management Inc. purchased a new stake in Saia in the 1st quarter worth approximately $210,000.
Several analysts have issued reports on the stock. Buckingham Research increased their target price on shares of Saia from $76.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Mizuho reiterated a “hold” rating and issued a $75.00 target price on shares of Saia in a research note on Tuesday, July 2nd. Deutsche Bank set a $80.00 target price on shares of Saia and gave the stock a “buy” rating in a research note on Thursday, July 11th. ValuEngine upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Cowen reiterated a “hold” rating and issued a $70.00 target price on shares of Saia in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Saia currently has a consensus rating of “Buy” and a consensus target price of $78.00.
In other news, VP Paul C. Peck sold 6,240 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $78.00, for a total value of $486,720.00. Following the transaction, the vice president now owns 7,368 shares of the company’s stock, valued at approximately $574,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.
Shares of NASDAQ:SAIA traded down $2.24 during trading on Friday, reaching $79.65. The company had a trading volume of 218,576 shares, compared to its average volume of 270,729. The company has a fifty day moving average of $72.28 and a two-hundred day moving average of $66.28. The stock has a market capitalization of $2.12 billion, a P/E ratio of 19.96 and a beta of 1.13. Saia Inc has a 12 month low of $52.04 and a 12 month high of $84.43. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.21.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The firm had revenue of $464.00 million for the quarter, compared to analyst estimates of $449.42 million. Saia had a net margin of 6.61% and a return on equity of 15.90%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 EPS. As a group, equities research analysts predict that Saia Inc will post 4.59 earnings per share for the current year.
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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