BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 38,000 Shares of Saia, Inc. (NASDAQ:SAIA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 72.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,552 shares of the transportation company’s stock after buying an additional 38,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.34% of Saia worth $41,267,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SAIA. Park Avenue Securities LLC grew its position in shares of Saia by 14.7% during the 4th quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 162 shares during the period. Diversify Wealth Management LLC lifted its position in Saia by 21.7% during the fourth quarter. Diversify Wealth Management LLC now owns 1,904 shares of the transportation company’s stock valued at $858,000 after purchasing an additional 340 shares in the last quarter. UMB Bank n.a. grew its holdings in Saia by 1.0% during the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares during the period. ZWJ Investment Counsel Inc. increased its position in Saia by 2.8% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock worth $27,285,000 after buying an additional 1,644 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in Saia by 3.9% in the fourth quarter. Ballentine Partners LLC now owns 2,247 shares of the transportation company’s stock worth $1,024,000 after buying an additional 85 shares in the last quarter.

Analyst Ratings Changes

SAIA has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price objective on Saia from $485.00 to $387.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. UBS Group decreased their target price on shares of Saia from $422.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Citigroup lowered their price target on shares of Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets lowered shares of Saia from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Saia from $436.00 to $299.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia currently has an average rating of “Hold” and an average price target of $345.16.

Saia Stock Down 1.4%

SAIA opened at $277.58 on Wednesday. The company has a market capitalization of $7.39 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. The firm has a 50-day simple moving average of $317.78 and a two-hundred day simple moving average of $426.86. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $787.58 million during the quarter, compared to analysts’ expectations of $806.18 million. During the same quarter in the prior year, the firm posted $3.38 earnings per share. Saia’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.