Rice Hall James & Associates LLC lowered its stake in Saia Inc. (NASDAQ:SAIA) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 65,982 shares of the company’s stock after selling 1,587 shares during the period. Rice Hall James & Associates LLC’s holdings in Saia were worth $1,659,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SAIA. BlackRock Fund Advisors increased its stake in shares of Saia by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,579,070 shares of the company’s stock valued at $44,451,000 after buying an additional 11,116 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Saia by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 624,377 shares of the company’s stock valued at $17,576,000 after buying an additional 6,499 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Saia by 0.4% in the first quarter. UBS Asset Management Americas Inc. now owns 145,576 shares of the company’s stock valued at $4,098,000 after buying an additional 539 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Saia during the first quarter valued at $2,180,000. Finally, Prudential Financial Inc. increased its stake in shares of Saia by 18.4% in the first quarter. Prudential Financial Inc. now owns 69,016 shares of the company’s stock valued at $1,943,000 after buying an additional 10,708 shares in the last quarter. Institutional investors and hedge funds own 97.75% of the company’s stock.
Saia Inc. (NASDAQ:SAIA) traded down 1.74% during mid-day trading on Friday, reaching $29.33. 151,697 shares of the company traded hands. The firm’s 50-day moving average is $30.08 and its 200 day moving average is $27.76. Saia Inc. has a 52-week low of $18.28 and a 52-week high of $33.96. The stock has a market capitalization of $734.34 million, a PE ratio of 15.95 and a beta of 0.96.
Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Saia had a net margin of 3.90% and a return on equity of 10.61%. The business earned $312 million during the quarter, compared to analysts’ expectations of $309.75 million. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts expect that Saia Inc. will post $1.85 earnings per share for the current year.
SAIA has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. TheStreet upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Cowen and Company boosted their price objective on shares of Saia from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Saia currently has a consensus rating of “Hold” and an average price target of $29.40.
In other Saia news, VP Mark H. Robinson sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $28.55, for a total value of $71,375.00. Following the completion of the sale, the vice president now owns 16,602 shares of the company’s stock, valued at $473,987.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.
Saia, Inc is a transportation company. The Company provides a range of less-than-truckload (LTL), non-asset truckload, expedited and logistics services across the United States. The Company conducts its operations through its subsidiaries, such as Saia Motor Freight Line, LLC (Saia LTL Freight), Saia TL Plus, LLC (Saia TL Plus), Saia Sales, LLC (Saia Sales), Saia Logistics Services, LLC (Saia Logistics Services), MetroGo, Inc (MetroGo) and LinkEx, Inc (LinkEx).
Want to see what other hedge funds are holding SAIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saia Inc. (NASDAQ:SAIA).
Receive News & Ratings for Saia Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia Inc. and related companies with MarketBeat.com's FREE daily email newsletter.