Versant Capital Management Inc Reduces Stake in Saia Inc (NASDAQ:SAIA)

Versant Capital Management Inc decreased its stake in shares of Saia Inc (NASDAQ:SAIA) by 26.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 595 shares of the transportation company’s stock after selling 219 shares during the period. Versant Capital Management Inc’s holdings in Saia were worth $38,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in Saia by 83.0% during the 1st quarter. Parallel Advisors LLC now owns 1,468 shares of the transportation company’s stock worth $90,000 after purchasing an additional 666 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Saia during the 2nd quarter worth about $207,000. Everence Capital Management Inc. purchased a new stake in Saia during the 1st quarter worth about $210,000. Wedbush Securities Inc. purchased a new stake in Saia during the 1st quarter worth about $215,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Saia in the 1st quarter valued at about $241,000.

SAIA traded up $1.27 on Friday, hitting $76.55. 1,779 shares of the company were exchanged, compared to its average volume of 143,981. The stock’s fifty day moving average price is $64.66. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. Saia Inc has a 12 month low of $52.04 and a 12 month high of $83.75. The company has a market capitalization of $1.80 billion, a PE ratio of 18.81 and a beta of 1.10.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Wednesday, July 31st. The transportation company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.08. Saia had a return on equity of 15.59% and a net margin of 6.35%. The business had revenue of $464.00 million for the quarter, compared to analyst estimates of $449.42 million. During the same period last year, the company earned $1.15 EPS. Saia’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that Saia Inc will post 4.5 earnings per share for the current year.

In related news, VP Paul C. Peck sold 1,265 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Several analysts have weighed in on SAIA shares. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a report on Friday, July 26th. Seaport Global Securities raised Saia from a “neutral” rating to a “buy” rating in a report on Wednesday, May 1st. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a report on Thursday. KeyCorp raised their price objective on Saia from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on Saia from $66.00 to $77.00 and gave the company a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Saia has a consensus rating of “Hold” and a consensus target price of $78.00.

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.

Read More: Market Capitalization 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.