OppenheimerFunds Inc. Reduces Position in Saia Inc (SAIA)

OppenheimerFunds Inc. lowered its position in shares of Saia Inc (NASDAQ:SAIA) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,453 shares of the transportation company’s stock after selling 527 shares during the quarter. OppenheimerFunds Inc.’s holdings in Saia were worth $883,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Saia by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,951 shares of the transportation company’s stock worth $608,000 after buying an additional 180 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Saia by 12.1% in the fourth quarter. Bank of Montreal Can now owns 1,700 shares of the transportation company’s stock worth $94,000 after buying an additional 183 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of Saia by 3.3% in 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 in the last quarter. Arizona State Retirement System lifted its holdings in shares of Saia by 0.8% in the first quarter. Arizona State Retirement System now owns 39,869 shares of the transportation company’s stock worth $2,436,000 after buying an additional 301 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of Saia by 4.0% in the first quarter. Mason Street Advisors LLC now owns 8,300 shares of the transportation company’s stock worth $507,000 after buying an additional 321 shares in the last quarter.

SAIA has been the topic of several research analyst reports. BidaskClub raised shares of Saia from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Deutsche Bank raised shares of Saia from a “hold” rating to a “buy” rating and set a $64.84 target price on the stock in a report on Wednesday, February 6th. SunTrust Banks set a $77.00 target price on shares of Saia and gave the stock a “buy” rating in a report on Tuesday, February 5th. ValuEngine raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $72.58.

In related news, VP Paul C. Peck sold 1,265 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total value of $86,020.00. Following the sale, the vice president now owns 1,128 shares in the company, valued at $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.

Shares of SAIA opened at $66.47 on Monday. Saia Inc has a fifty-two week low of $52.04 and a fifty-two week high of $87.05. The firm has a market capitalization of $1.72 billion, a P/E ratio of 16.66 and a beta of 1.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). Saia had a return on equity of 15.59% and a net margin of 6.35%. The business had revenue of $410.60 million during the quarter, compared to the consensus estimate of $410.25 million. During the same quarter in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Saia Inc will post 4.58 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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