Saia, Inc. (SAIA) Hits New 1-Year High on Strong Earnings

Paterniano Del Favero
Luglio 29, 2017

AQR Capital Management LLC increased its stake in shares of Saia, Inc. (NASDAQ:SAIA) to report earnings on Jul, 28 for the fiscal quarter ending Jun 2017.

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in Saia by 2.9% in the first quarter. US Bancorp DE now owns 16,964 shares of the transportation company's stock worth $751,000 after buying an additional 2,052 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Saia by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company's stock worth $94,620,000 after buying an additional 9,523 shares in the last quarter. The institutional investor owned 105,438 shares of the transportation company's stock after buying an additional 80,108 shares during the period. Louisiana State Employees Retirement System raised its position in Saia by 3.0% in the first quarter. Institutional investors own 97.60% of the company's stock.

Analysts await Saia, Inc. "(SAIA) to Post $0.62 Earnings Per Share" was posted by Stock Observer and is the sole property of of Stock Observer. It is now trading at $55.05 which is just over the 50 day moving average which is $51.13 and which is marginally over the 200 day moving average of $47.37. The stock has a market cap of $1.39 billion, a P/E ratio of 29.01 and a beta of 0.78. Saia has a 12-month low of $24.54 and a 12-month high of $54.30.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, beating the Zacks' consensus estimate of $0.63 by $0.05, Bloomberg Earnings reports. The business had revenue of $358.20 million for the quarter, compared to analysts' expectations of $348.53 million. Saia had a net margin of 3.92% and a return on equity of 10.27%.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 28th. Equities research analysts anticipate that Saia, Inc. will post $2.17 EPS for the current year.

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Several equities analysts recently issued reports on SAIA shares. BidaskClub cut shares of Saia from a "buy" rating to a "hold" rating in a report on Wednesday, June 21st. Finally, Cowen and Company upped their price objective on shares of Saia from $49.00 to $50.00 and gave the company a "market perform" rating in a research note on Monday, May 1st.

Stifel Nicolaus both upgraded the stock and raised the price target on March 26 changing the price target from $48.00 to $53.00 and changing the rating from "Hold" to "Buy".

Total shares held by institutions as of the most recent company filings are 22,681,316 with a reported 1,865,160 bought and 2,409,370 sold. On March 26 the company was upgraded from "Hold" to "Buy" with a current price target of $53.00 in a report from Stifel Nicolaus. Accern also assigned media headlines about the transportation company an impact score of 45.819133608993 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. The Company provides regional and interregional less-than-truckload (LTL) services.

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