Handelsbanken Fonder AB Buys 1,000 Shares of Saia, Inc. (NASDAQ:SAIA)

Handelsbanken Fonder AB raised its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 13.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,258 shares of the transportation company’s stock after acquiring an additional 1,000 shares during the period. Handelsbanken Fonder AB’s holdings in Saia were worth $2,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SAIA. Alliancebernstein L.P. lifted its stake in Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after acquiring an additional 794,197 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company’s stock valued at $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Select Equity Group L.P. purchased a new stake in shares of Saia during the 4th quarter valued at about $137,199,000. Interval Partners LP purchased a new stake in shares of Saia during the 4th quarter valued at about $89,229,000. Finally, Ameriprise Financial Inc. increased its position in shares of Saia by 76.2% during the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock valued at $162,213,000 after purchasing an additional 153,896 shares during the last quarter.

Saia Trading Up 0.3%

SAIA stock opened at $260.81 on Friday. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.24 and a beta of 2.00. The business has a 50 day simple moving average of $285.28 and a two-hundred day simple moving average of $393.65.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same quarter in the previous year, the company earned $3.38 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAIA. BMO Capital Markets lowered shares of Saia from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $455.00 to $285.00 in a research report on Friday, April 25th. Barclays lowered shares of Saia from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, April 29th. The Goldman Sachs Group raised shares of Saia from a “neutral” rating to a “buy” rating and upped their price target for the company from $387.00 to $410.00 in a research report on Monday, June 2nd. Jefferies Financial Group set a $335.00 price target on shares of Saia and gave the company a “buy” rating in a research report on Tuesday. Finally, Bank of America upped their price target on shares of Saia from $251.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $333.84.

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.