Saia, Inc. (NASDAQ:SAIA) Shares Bought by KBC Group NV

KBC Group NV boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 8.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,187 shares of the transportation company’s stock after buying an additional 94 shares during the period. KBC Group NV’s holdings in Saia were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAIA. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after buying an additional 38 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. Atala Financial Inc acquired a new position in shares of Saia in the 4th quarter valued at $36,000. Huntington National Bank lifted its stake in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Saia in the 1st quarter valued at $43,000.

Saia Trading Up 0.3%

SAIA opened at $294.82 on Friday. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The company has a market cap of $7.85 billion, a P/E ratio of 24.59, a PEG ratio of 7.72 and a beta of 1.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The business’s 50-day simple moving average is $267.26 and its 200-day simple moving average is $366.42.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million for the quarter, compared to analysts’ expectations of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.38 EPS. As a group, equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on SAIA. Jefferies Financial Group set a $335.00 price target on Saia and gave the company a “buy” rating in a research note on Tuesday, June 10th. Morgan Stanley set a $250.00 target price on Saia in a research note on Friday, April 25th. Citigroup raised their target price on Saia from $288.00 to $317.00 and gave the company a “buy” rating in a report on Friday, May 30th. Wells Fargo & Company lowered their target price on Saia from $400.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Stephens cut Saia from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $515.00 to $255.00 in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $333.84.

Saia Profile

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.