Waddell & Reed Financial Inc. lowered its stake in Saia Inc (NASDAQ:SAIA) by 71.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,389 shares of the transportation company’s stock after selling 207,559 shares during the quarter. Waddell & Reed Financial Inc. owned about 0.32% of Saia worth $6,661,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY lifted its holdings in Saia by 9.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 8,246 shares of the transportation company’s stock worth $667,000 after purchasing an additional 679 shares during the period. Raymond James & Associates lifted its holdings in Saia by 119.2% in the second quarter. Raymond James & Associates now owns 8,763 shares of the transportation company’s stock worth $708,000 after purchasing an additional 4,765 shares during the period. Laurion Capital Management LP lifted its holdings in Saia by 16.3% in the second quarter. Laurion Capital Management LP now owns 12,822 shares of the transportation company’s stock worth $1,037,000 after purchasing an additional 1,800 shares during the period. Citadel Advisors LLC lifted its holdings in Saia by 846.0% in the second quarter. Citadel Advisors LLC now owns 85,498 shares of the transportation company’s stock worth $6,913,000 after purchasing an additional 76,460 shares during the period. Finally, Federated Investors Inc. PA lifted its holdings in Saia by 34.9% in the second quarter. Federated Investors Inc. PA now owns 20,279 shares of the transportation company’s stock worth $1,639,000 after purchasing an additional 5,248 shares during the period. 99.39% of the stock is owned by institutional investors and hedge funds.
Shares of Saia stock opened at $77.25 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22. Saia Inc has a 52 week low of $55.16 and a 52 week high of $87.05. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 25.75 and a beta of 0.80.
Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, August 1st. The transportation company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $428.73 million for the quarter, compared to analysts’ expectations of $416.95 million. Saia had a net margin of 7.45% and a return on equity of 13.38%. Saia’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. analysts predict that Saia Inc will post 3.86 earnings per share for the current year.
Several research firms recently weighed in on SAIA. Stifel Nicolaus downgraded shares of Saia to a “hold” rating in a report on Monday, June 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. BidaskClub cut shares of Saia from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 5th. Deutsche Bank initiated coverage on shares of Saia in a research report on Tuesday, September 4th. They issued a “hold” rating and a $77.00 price target on the stock. Finally, Cowen boosted their price target on shares of Saia from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.43.
In other Saia news, Director Jeffrey C. Ward sold 1,000 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $76.01, for a total transaction of $76,010.00. Following the sale, the director now owns 8,279 shares in the company, valued at approximately $629,286.79. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.
Saia, Inc, through its wholly-owned 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; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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