Cozad Asset Management Inc. trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 77.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980 shares of the transportation company's stock after selling 3,380 shares during the period. Cozad Asset Management Inc.'s holdings in Saia were worth $429,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock valued at $110,000 after purchasing an additional 22 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock worth $183,000 after acquiring an additional 24 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Saia by 3.9% in the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company's stock worth $423,000 after acquiring an additional 27 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Saia by 1.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company's stock valued at $1,742,000 after purchasing an additional 30 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its position in Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock worth $337,000 after purchasing an additional 30 shares during the last quarter.
Saia Stock Up 1.2 %
NASDAQ:SAIA traded up $6.68 during mid-day trading on Friday, reaching $551.77. The stock had a trading volume of 293,206 shares, compared to its average volume of 390,026. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 3.28 and a beta of 1.73. The stock's 50 day simple moving average is $443.15 and its two-hundred day simple moving average is $433.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34.
Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.67 EPS. Equities analysts anticipate that Saia, Inc. will post 13.54 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have weighed in on SAIA. Susquehanna lifted their price target on shares of Saia from $550.00 to $585.00 and gave the company a "positive" rating in a report on Wednesday, September 18th. Jefferies Financial Group lifted their target price on Saia from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Benchmark reissued a "buy" rating and set a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. JPMorgan Chase & Co. raised their price objective on Saia from $479.00 to $481.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Finally, TD Cowen boosted their target price on Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a report on Thursday, September 5th. One investment 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 a consensus rating of "Moderate Buy" and an average target price of $492.00.
Check Out Our Latest Stock Analysis on Saia
Saia Company Profile
(
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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