Centiva Capital LP Takes Position in Saia, Inc. (NASDAQ:SAIA)

Centiva Capital LP purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,084 shares of the transportation company's stock, valued at approximately $474,000.

A number of other institutional investors have also bought and sold shares of SAIA. Blue Trust Inc. increased its stake in Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock worth $32,000 after buying an additional 42 shares in the last quarter. Paladin Wealth LLC purchased a new position in shares of Saia during the third quarter valued at about $40,000. Quarry LP purchased a new position in Saia in the second quarter worth about $41,000. International Assets Investment Management LLC purchased a new position in Saia in the second quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock worth $45,000 after acquiring an additional 83 shares in the last quarter.

Analysts Set New Price Targets

SAIA has been the subject of several analyst reports. Barclays raised their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Susquehanna raised their price objective on shares of 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 shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price objective for the company in a research note on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research note on Monday, October 28th. Finally, Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and decreased their price target for the company from $440.00 to $437.00 in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

Saia Trading Up 0.0 %

NASDAQ SAIA traded up $0.25 during mid-day trading on Monday, reaching $516.18. 616,248 shares of the stock were exchanged, compared to its average volume of 385,009. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The business's fifty day simple moving average is $495.44 and its 200 day simple moving average is $452.02. The stock has a market capitalization of $13.73 billion, a PE ratio of 36.87, a PEG ratio of 2.89 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) 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 firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter last year, the business posted $3.67 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Saia, Inc. will post 13.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.