Deutsche Bank AG Buys 9,702 Shares of Saia, Inc. (NASDAQ:SAIA)

Deutsche Bank AG grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 25.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,205 shares of the transportation company’s stock after buying an additional 9,702 shares during the quarter. Deutsche Bank AG owned approximately 0.18% of Saia worth $16,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIA. Golden State Wealth Management LLC lifted its holdings in shares of Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after purchasing an additional 47 shares during the period. NBC Securities Inc. acquired a new position in Saia in the first quarter valued at $43,000. Group One Trading LLC lifted its holdings in Saia by 114.4% in the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,934 shares during the period. Picton Mahoney Asset Management acquired a new position in Saia in the first quarter valued at $135,000. Finally, GAMMA Investing LLC lifted its holdings in Saia by 20.2% in the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock valued at $154,000 after buying an additional 74 shares during the period.

Saia Trading Up 4.0%

NASDAQ:SAIA opened at $313.21 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a 50-day moving average of $285.95 and a 200-day moving average of $332.60. The company has a market cap of $8.34 billion, a PE ratio of 28.92, a PEG ratio of 13.89 and a beta of 1.99. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.39 by $0.28. The company had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.83 earnings per share. As a group, equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

SAIA has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Saia from $251.00 to $300.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Susquehanna boosted their target price on shares of Saia from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Raymond James Financial set a $310.00 target price on shares of Saia and gave the company an “outperform” rating in a report on Monday, April 28th. Wells Fargo & Company boosted their target price on shares of Saia from $290.00 to $365.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Finally, Benchmark boosted their target price on shares of Saia from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Saia presently has a consensus rating of “Hold” and a consensus price target of $347.16.

About Saia

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.