Concentric Capital Strategies LP reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 53.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,769 shares of the transportation company's stock after selling 6,513 shares during the period. Concentric Capital Strategies LP's holdings in Saia were worth $2,523,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in SAIA. Blue Trust Inc. grew its stake 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. Quarry LP bought a new stake in shares of Saia during the second quarter valued at approximately $41,000. International Assets Investment Management LLC acquired a new position in shares of Saia during the second quarter worth approximately $42,000. Paladin Wealth LLC bought a new position in shares of Saia in the 3rd quarter worth $40,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in 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 during the period.
Saia Price Performance
Shares of Saia stock traded down $11.34 during trading on Tuesday, hitting $557.74. The stock had a trading volume of 188,748 shares, compared to its average volume of 317,800. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 3.14 and a beta of 1.74. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The business's 50-day moving average is $486.83 and its 200 day moving average is $447.06. 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 (NASDAQ:SAIA - Get Free Report) last announced its earnings results 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 net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to analysts' expectations of $839.82 million. During the same period in the prior year, the business earned $3.67 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on SAIA. JPMorgan Chase & Co. raised their price target on shares of Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Wolfe Research raised Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 target price on the stock in a research report on Wednesday, October 9th. TD Cowen upped their price target on Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a report on Thursday, September 5th. Barclays raised their price objective on Saia from $515.00 to $620.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group increased their target price on shares of Saia from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $506.00.
Get Our Latest Stock Report on SAIA
Insiders Place Their Bets
In related news, EVP Rohit Lal sold 1,120 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company's stock.
About Saia
(
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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