Atom Investors LP Makes New $507,000 Investment in Saia, Inc. (NASDAQ:SAIA)

Atom Investors LP purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,159 shares of the transportation company's stock, valued at approximately $507,000.

Several other institutional investors also recently bought and sold shares of SAIA. Cetera Advisors LLC purchased a new position in Saia during the first quarter valued at approximately $311,000. GAMMA Investing LLC increased its position in shares of Saia by 56.2% in the second quarter. GAMMA Investing LLC now owns 139 shares of the transportation company's stock valued at $66,000 after buying an additional 50 shares in the last quarter. OLD National Bancorp IN purchased a new stake in shares of Saia in the second quarter valued at approximately $392,000. SG Americas Securities LLC increased its position in shares of Saia by 388.8% in the second quarter. SG Americas Securities LLC now owns 4,756 shares of the transportation company's stock valued at $2,256,000 after buying an additional 3,783 shares in the last quarter. Finally, Gateway Investment Advisers LLC purchased a new stake in shares of Saia in the second quarter valued at approximately $3,012,000.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares of the company's stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SAIA shares. Citigroup cut their price objective on Saia from $651.00 to $644.00 and set a "buy" rating for the company in a research report on Wednesday. Stifel Nicolaus lowered Saia from a "buy" rating to a "hold" rating and lowered their price target for the stock from $440.00 to $437.00 in a research note on Monday, October 21st. Susquehanna lifted their price target on Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research note on Wednesday, September 18th. Wolfe Research raised Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group lowered their price target on Saia from $510.00 to $490.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $505.59.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $5.61 during trading hours on Wednesday, reaching $542.36. The stock had a trading volume of 263,896 shares, compared to its average volume of 384,410. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 3.08 and a beta of 1.74. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The firm has a 50-day moving average of $490.52 and a 200-day moving average of $448.77.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the business posted $3.67 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Saia, Inc. will post 13.54 earnings per share for the current year.

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.