Saia, Inc. (SAIA) Position Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 10.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 171,965 shares of the transportation company’s stock after buying an additional 16,709 shares during the period. Schwab Charles Investment Management Inc. owned about 0.68% of Saia worth $7,619,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of SAIA. US Bancorp DE boosted its position in Saia by 13.8% in the first quarter. US Bancorp DE now owns 16,964 shares of the transportation company’s stock worth $751,000 after buying an additional 2,052 shares during the last quarter. American Century Companies Inc. boosted its position in Saia by 197.4% in the first quarter. American Century Companies Inc. now owns 115,960 shares of the transportation company’s stock worth $5,137,000 after buying an additional 76,971 shares during the last quarter. Algert Global LLC boosted its position in Saia by 71.2% in the first quarter. Algert Global LLC now owns 26,415 shares of the transportation company’s stock worth $1,170,000 after buying an additional 10,984 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Saia by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 34,020 shares of the transportation company’s stock worth $1,507,000 after buying an additional 2,063 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Saia by 35.4% in the first quarter. Wells Fargo & Company MN now owns 23,369 shares of the transportation company’s stock worth $1,035,000 after buying an additional 6,113 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Shares of Saia, Inc. (SAIA) opened at 54.70 on Monday. The firm has a 50 day moving average price of $51.25 and a 200 day moving average price of $47.45. Saia, Inc. has a one year low of $24.76 and a one year high of $56.60. The stock has a market capitalization of $1.38 billion, a PE ratio of 26.54 and a beta of 0.77.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The business had revenue of $358.20 million during the quarter, compared to analysts’ expectations of $348.53 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Analysts predict that Saia, Inc. will post $2.17 earnings per share for the current fiscal year.

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SAIA has been the subject of several research reports. Zacks Investment Research cut Saia from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. BidaskClub upgraded Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Cowen and Company upped their target price on Saia from $49.00 to $50.00 and gave the stock a “market perform” rating in a report on Monday, May 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $52.20.

About Saia

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.