Great West Life Assurance Co. Can bought a new stake in Saia, Inc. (NASDAQ:SAIA – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,969 shares of the transportation company’s stock, valued at approximately $3,413,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of Saia by 98.5% in the second quarter. Nisa Investment Advisors LLC now owns 4,102 shares of the transportation company’s stock valued at $771,000 after acquiring an additional 2,036 shares in the last quarter. Xponance Inc. lifted its position in Saia by 5.5% during the second quarter. Xponance Inc. now owns 4,365 shares of the transportation company’s stock worth $821,000 after buying an additional 228 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Saia by 4.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the transportation company’s stock worth $1,422,000 after buying an additional 293 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in Saia by 146.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 10,275 shares of the transportation company’s stock worth $1,932,000 after buying an additional 6,108 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in Saia by 17.5% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,525 shares of the transportation company’s stock worth $479,000 after buying an additional 376 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on SAIA shares. Citigroup lifted their price objective on Saia to $232.00 in a research report on Thursday, October 13th. Susquehanna downgraded Saia from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $250.00 to $220.00 in a research report on Monday, January 9th. Deutsche Bank Aktiengesellschaft raised their target price on Saia from $281.00 to $296.00 in a research note on Monday, November 28th. StockNews.com raised Saia from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, Bank of America cut Saia from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $216.00 to $215.00 in a research note on Thursday, December 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Saia currently has an average rating of “Hold” and a consensus target price of $246.14.
Saia Trading Up 4.9 %
Saia (NASDAQ:SAIA – Get Rating) last released its earnings results on Monday, October 31st. The transportation company reported $3.67 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.01). Saia had a return on equity of 26.58% and a net margin of 13.09%. The company had revenue of $729.56 million for the quarter, compared to analyst estimates of $718.75 million. Sell-side analysts expect that Saia, Inc. will post 13.61 earnings per share for the current fiscal year.
Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.
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