Saia (SAIA) Holdings Cut by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management trimmed its position in Saia (NASDAQ:SAIA) by 45.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 162,955 shares of the transportation company’s stock after selling 137,962 shares during the period. Mesirow Financial Investment Management Equity Management owned about 0.63% of Saia worth $12,246,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SAIA. Louisiana State Employees Retirement System grew its position in shares of Saia by 6.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the transportation company’s stock valued at $778,000 after acquiring an additional 700 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Saia by 4.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 187,992 shares of the transportation company’s stock valued at $13,301,000 after buying an additional 8,081 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Saia by 27.1% during the 4th quarter. Jennison Associates LLC now owns 327,223 shares of the transportation company’s stock valued at $23,151,000 after buying an additional 69,858 shares in the last quarter. Advisor Partners LLC purchased a new stake in shares of Saia during the 4th quarter valued at approximately $210,000. Finally, Bessemer Group Inc. lifted its stake in shares of Saia by 75.0% during the 4th quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock valued at $149,000 after buying an additional 900 shares in the last quarter. 99.83% of the stock is owned by institutional investors and hedge funds.

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In other Saia news, VP Raymond R. Ramu sold 4,400 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $73.82, for a total value of $324,808.00. Following the sale, the vice president now directly owns 12,157 shares in the company, valued at approximately $897,429.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Shares of SAIA stock opened at $76.10 on Friday. The company has a market cap of $1.94 billion, a P/E ratio of 29.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.26 and a current ratio of 1.26. Saia has a 12 month low of $75.00 and a 12 month high of $76.00.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 27th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.05. Saia had a net margin of 6.94% and a return on equity of 11.86%. The business had revenue of $392.80 million for the quarter, compared to analysts’ expectations of $382.95 million. During the same period in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. research analysts forecast that Saia will post 3.75 EPS for the current year.

A number of brokerages recently commented on SAIA. ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. BidaskClub cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Cowen restated a “hold” rating and set a $80.00 price target on shares of Saia in a research note on Friday, April 27th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and dropped their price target for the company from $83.00 to $78.00 in a research note on Tuesday, May 1st. Finally, Buckingham Research began coverage on shares of Saia in a research note on Monday, March 26th. They set a “buy” rating and a $93.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $76.00.

Saia Company Profile

Saia, Inc, through its wholly-owned 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; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)