Tobam Acquires Shares of 228 Saia, Inc. (NASDAQ:SAIA)

Tobam bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 228 shares of the transportation company’s stock, valued at approximately $100,000.

Other large investors also recently modified their holdings of the company. Comerica Bank lifted its stake in shares of Saia by 11.4% in the fourth quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock valued at $26,656,000 after buying an additional 6,244 shares in the last quarter. Cim LLC bought a new position in Saia in the 4th quarter valued at about $247,000. Pineridge Advisors LLC acquired a new position in Saia during the 4th quarter valued at about $26,000. Vanguard Group Inc. increased its holdings in Saia by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,489,503 shares of the transportation company’s stock worth $1,090,950,000 after purchasing an additional 12,074 shares in the last quarter. Finally, Kapitalo Investimentos Ltda lifted its holdings in shares of Saia by 98.9% in the fourth quarter. Kapitalo Investimentos Ltda now owns 561 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 279 shares in the last quarter.

Saia Stock Down 1.6 %

SAIA stock opened at $440.85 on Friday. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.11 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $408.88 and its 200 day moving average is $448.22.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. Sell-side analysts predict that Saia, Inc. will post 13.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen upped their price target on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Jefferies Financial Group increased their target price on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group cut their price target on shares of Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup assumed coverage on shares of Saia in a research note on Wednesday. They issued a “buy” rating and a $518.00 price objective for the company. Finally, Benchmark restated a “buy” rating and issued a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $492.00.

Saia 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.