Invesco Ltd. Buys 4,649 Shares of Saia Inc (NASDAQ:SAIA)

Invesco Ltd. lifted its stake in shares of Saia Inc (NASDAQ:SAIA) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,849 shares of the transportation company’s stock after purchasing an additional 4,649 shares during the quarter. Invesco Ltd. owned 0.28% of Saia worth $4,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in shares of Saia by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 40,161 shares of the transportation company’s stock valued at $2,597,000 after purchasing an additional 292 shares during the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Saia by 12.3% during the 2nd quarter. Congress Asset Management Co. MA now owns 46,772 shares of the transportation company’s stock valued at $3,025,000 after purchasing an additional 5,121 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Saia by 11.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 27,382 shares of the transportation company’s stock valued at $1,771,000 after purchasing an additional 2,828 shares during the last quarter. United Capital Financial Advisers LLC grew its holdings in Saia by 3.7% during the 2nd quarter. United Capital Financial Advisers LLC now owns 13,638 shares of the transportation company’s stock worth $882,000 after acquiring an additional 490 shares during the last quarter. Finally, Moody Aldrich Partners LLC grew its holdings in Saia by 54.5% during the 2nd quarter. Moody Aldrich Partners LLC now owns 55,244 shares of the transportation company’s stock worth $3,573,000 after acquiring an additional 19,481 shares during the last quarter.

A number of equities research analysts have weighed in on the stock. Seaport Global Securities set a $100.00 target price on shares of Saia and gave the stock a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Thursday, September 19th. Stifel Nicolaus boosted their target price on shares of Saia from $66.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Morgan Stanley boosted their target price on shares of Saia from $56.00 to $57.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Finally, Buckingham Research boosted their target price on shares of Saia from $76.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $85.08.

In other news, CEO Richard D. Odell sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $92.67, for a total value of $1,482,720.00. Following the transaction, the chief executive officer now owns 49,551 shares in the company, valued at approximately $4,591,891.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul C. Peck sold 6,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $78.00, for a total transaction of $486,720.00. Following the completion of the transaction, the vice president now owns 7,368 shares in the company, valued at approximately $574,704. The disclosure for this sale can be found here. Insiders sold a total of 23,267 shares of company stock worth $2,059,641 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

SAIA opened at $95.56 on Friday. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 21.36 and a beta of 1.12. Saia Inc has a fifty-two week low of $52.04 and a fifty-two week high of $97.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50 day moving average price is $90.22 and its two-hundred day moving average price is $72.36.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The firm had revenue of $464.00 million for the quarter, compared to the consensus estimate of $449.42 million. Saia had a net margin of 6.61% and a return on equity of 15.90%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 EPS. As a group, equities research analysts predict that Saia Inc will post 4.65 EPS for the current year.

Saia Company Profile

Saia, Inc, through its 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; and other value-added services, including non-asset truckload, expedited, and logistics services.

Further Reading: What is the Book Value of a Share?

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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