Citigroup Inc. increased its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 27.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,731 shares of the transportation company's stock after purchasing an additional 2,938 shares during the period. Citigroup Inc. owned approximately 0.05% of Saia worth $6,004,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in SAIA. Blue Trust Inc. lifted its holdings in shares of Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC acquired a new stake in Saia in the third quarter valued at $40,000. Quarry LP purchased a new stake in shares of Saia during the 2nd quarter worth $41,000. International Assets Investment Management LLC acquired a new position in shares of Saia during the 2nd quarter worth $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock valued at $45,000 after purchasing an additional 83 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Barclays boosted their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Wolfe Research raised 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. Evercore ISI reduced their price objective on Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. Citigroup upped their target price on Saia from $534.00 to $651.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Benchmark reaffirmed a "buy" rating and set a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. One investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $506.00.
View Our Latest Stock Analysis on SAIA
Saia Trading Down 2.0 %
Shares of SAIA stock traded down $11.34 during mid-day trading on Monday, hitting $557.74. 188,705 shares of the company's stock were exchanged, compared to its average volume of 384,045. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 3.14 and a beta of 1.73. The company has a quick ratio of 1.26, a current 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 stock has a 50-day simple moving average of $486.83 and a two-hundred day simple moving average of $447.06.
Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly 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 business had revenue of $842.10 million during 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 quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Saia, Inc. will post 13.54 EPS for the current fiscal year.
Insider Activity at Saia
In related news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction on Thursday, November 21st. The stock was 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 in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.
Saia Company Profile
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Free Report)
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.
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