CreativeOne Wealth LLC Purchases New Shares in Saia, Inc. (NASDAQ:SAIA)

CreativeOne Wealth LLC acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,953 shares of the transportation company's stock, valued at approximately $854,000.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Saia by 347.3% during the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company's stock worth $75,817,000 after purchasing an additional 124,117 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock worth $109,589,000 after purchasing an additional 98,383 shares in the last quarter. International Assets Investment Management LLC increased its position in Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock worth $17,016,000 after buying an additional 38,827 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock valued at $132,744,000 after buying an additional 31,991 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Saia by 67.2% during the second quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company's stock valued at $37,603,000 after buying an additional 31,876 shares in the last quarter.

Insider Activity

In related news, EVP Rohit Lal sold 1,120 shares of the business'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 transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays increased their price objective on Saia from $515.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Evercore ISI dropped their price target on shares of Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Benchmark reaffirmed a "buy" rating and set a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. Bank of America lifted their target price on shares of Saia from $443.00 to $460.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. Finally, BMO Capital Markets upped their price target on shares of Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and a consensus price target of $506.00.

Saia Price Performance

NASDAQ SAIA traded up $4.70 on Friday, reaching $569.08. The company's stock had a trading volume of 160,650 shares, compared to its average volume of 322,899. The business has a 50-day moving average price of $484.51 and a 200 day moving average price of $445.75. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The firm has a market cap of $15.13 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 3.14 and a beta of 1.73. 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 posted its quarterly earnings data 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). The firm had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.67 earnings per share. Sell-side analysts expect that Saia, Inc. will post 13.54 EPS for the current year.

Saia Company 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.