BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stake in Saia, Inc. $SAIA

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Saia, Inc. (NASDAQ:SAIA) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,812 shares of the transportation company’s stock after acquiring an additional 262 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Saia were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new position in Saia in the second quarter valued at about $41,000. Blue Trust Inc. boosted its stake in Saia by 52.9% in the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 72 shares during the last quarter. CWM LLC boosted its stake in Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 44 shares during the last quarter. Mattson Financial Services LLC boosted its stake in Saia by 17.5% in the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 57 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in Saia in the first quarter valued at about $135,000.

Saia Stock Performance

Shares of SAIA stock opened at $282.93 on Thursday. The stock has a market capitalization of $7.54 billion, a P/E ratio of 26.12, a PEG ratio of 12.90 and a beta of 2.07. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $300.92 and its 200 day moving average is $289.71. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The business had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. Saia’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.46 EPS. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SAIA shares. Citigroup dropped their target price on shares of Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Barclays boosted their target price on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Wells Fargo & Company dropped their price target on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus dropped their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $337.67.

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.