Saia, Inc. (NASDAQ:SAIA) Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 740 shares of the transportation company’s stock after purchasing an additional 65 shares during the quarter. KBC Group NV’s holdings in Saia were worth $324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC acquired a new stake in Saia in the 3rd quarter valued at approximately $40,000. Quarry LP purchased a new stake in Saia in the second quarter valued at approximately $41,000. International Assets Investment Management LLC acquired a new position in Saia during the second quarter worth $42,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position 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 worth $45,000 after buying an additional 83 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on SAIA shares. Evercore ISI decreased their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Citigroup raised their price objective on shares of Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Susquehanna upped their target price on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Jefferies Financial Group raised their price target on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Barclays upped their price objective on Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $506.00.

Saia Stock Performance

Shares of Saia stock opened at $515.88 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The firm’s 50 day moving average is $465.31 and its two-hundred day moving average is $437.63. The firm has a market capitalization of $13.72 billion, a P/E ratio of 36.85, a P/E/G ratio of 2.88 and a beta of 1.73.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period last year, the business earned $3.67 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Saia, Inc. will post 13.54 EPS for the current fiscal year.

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.