Saia Inc (NASDAQ:SAIA) Position Lessened by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in Saia Inc (NASDAQ:SAIA) by 46.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 909 shares of the transportation company’s stock after selling 791 shares during the quarter. Bank of Montreal Can’s holdings in Saia were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAIA. Piedmont Investment Advisors Inc. boosted its stake in Saia by 3.3% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,113 shares of the transportation company’s stock worth $341,000 after buying an additional 196 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Saia by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,321 shares of the transportation company’s stock valued at $1,023,000 after acquiring an additional 402 shares in the last quarter. Resources Investment Advisors Inc. bought a new stake in shares of Saia in the fourth quarter valued at about $36,000. Texas Permanent School Fund raised its holdings in shares of Saia by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 16,814 shares of the transportation company’s stock valued at $939,000 after acquiring an additional 648 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its holdings in shares of Saia by 13.0% in the fourth quarter. Virginia Retirement Systems ET AL now owns 7,800 shares of the transportation company’s stock valued at $435,000 after acquiring an additional 900 shares in the last quarter.

In other Saia news, VP Paul C. Peck sold 1,265 shares of Saia stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total value of $86,020.00. Following the transaction, the vice president now directly owns 1,128 shares in the company, valued at approximately $76,704. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Several analysts recently weighed in on the company. Seaport Global Securities restated a “neutral” rating on shares of Saia in a report on Friday, April 5th. BidaskClub upgraded Saia from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Stephens set a $71.00 target price on shares of Saia and gave the stock a “hold” rating in a report on Thursday, May 2nd. ValuEngine downgraded shares of Saia from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Finally, Zacks Investment Research upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $72.58.

Saia stock traded down $0.03 during midday trading on Monday, reaching $64.64. 147,318 shares of the stock traded hands, compared to its average volume of 210,224. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.14. Saia Inc has a 12-month low of $52.04 and a 12-month high of $83.75. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 16.20 and a beta of 1.10. The business has a 50-day simple moving average of $62.35.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.05). The firm had revenue of $410.60 million for the quarter, compared to analyst estimates of $410.25 million. Saia had a return on equity of 15.59% and a net margin of 6.35%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. On average, analysts expect that Saia Inc will post 4.54 EPS for the current year.

About Saia

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.

Featured Story: Conference Calls and Individual Investors

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.