The Manufacturers Life Insurance Company Purchases 959 Shares of Saia, Inc. (NASDAQ:SAIA)

The Manufacturers Life Insurance Company lifted its position in Saia, Inc. (NASDAQ:SAIA) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,269 shares of the transportation company’s stock after buying an additional 959 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Saia worth $10,562,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in Saia by 8.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 43 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Saia during the first quarter valued at $2,953,000. Comerica Bank increased its holdings in Saia by 11.4% in the 4th quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock worth $26,656,000 after buying an additional 6,244 shares in the last quarter. Norden Group LLC raised its position in Saia by 1,556.1% in the 1st quarter. Norden Group LLC now owns 26,299 shares of the transportation company’s stock worth $15,385,000 after buying an additional 24,711 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after acquiring an additional 45,155 shares during the period.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Susquehanna boosted their target price on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. BMO Capital Markets dropped their price target on Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. Benchmark reiterated a “buy” rating and set a $480.00 price objective on shares of Saia in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised their target price on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $488.43.

Saia Stock Down 0.9 %

SAIA stock opened at $426.36 on Friday. The business’s 50-day moving average price is $406.64 and its 200-day moving average price is $453.14. The stock has a market cap of $11.34 billion, a P/E ratio of 30.90, a PEG ratio of 2.05 and a beta of 1.74. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results 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). The firm had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. On average, equities research analysts forecast that Saia, Inc. will post 13.91 EPS for the current 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.