52,552 Shares in Saia, Inc. (NASDAQ:SAIA) Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,552 shares of the transportation company’s stock, valued at approximately $22,979,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.20% of Saia at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SAIA. Blue Trust Inc. grew its holdings in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares in the last quarter. Paladin Wealth LLC purchased a new position in shares of Saia during the third quarter valued at $40,000. Quarry LP purchased a new position in shares of Saia during the second quarter valued at $41,000. International Assets Investment Management LLC purchased a new position in shares of Saia during the second quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after buying an additional 83 shares in the last quarter.

Saia Trading Up 0.8 %

SAIA stock opened at $569.08 on Friday. The firm has a market cap of $15.13 billion, a P/E ratio of 40.65, a P/E/G ratio of 3.14 and a beta of 1.73. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The business’s 50 day moving average is $484.51 and its 200-day moving average is $445.75. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period in the prior year, the company posted $3.67 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAIA has been the topic of a number of research analyst reports. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a report on Wednesday, October 9th. TD Cowen boosted their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Jefferies Financial Group boosted their target price on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Citigroup boosted their target price on Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company boosted their target price on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $506.00.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Saia Company Profile

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.