Saia, Inc. (NASDAQ:SAIA) Shares Sold by Fmr LLC

FMR LLC cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 57.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,778 shares of the transportation company's stock after selling 249,907 shares during the period. FMR LLC owned about 0.68% of Saia worth $79,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC purchased a new position in Saia in the second quarter valued at $3,012,000. Westfield Capital Management Co. LP increased its position in shares of Saia by 11.8% in 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. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Saia during the 3rd quarter worth approximately $7,058,000. Wolverine Asset Management LLC purchased a new position in shares of Saia during the 3rd quarter valued at approximately $437,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Saia by 54.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,657 shares of the transportation company's stock worth $3,157,000 after acquiring an additional 2,347 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAIA. Wolfe Research raised shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. Bank of America raised their target price on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Stephens boosted their price target on Saia from $481.00 to $515.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on shares of Saia from $510.00 to $490.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI reduced their target price on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $510.59.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

Saia Trading Down 0.2 %

Shares of SAIA stock traded down $0.90 during trading hours on Friday, hitting $515.93. The company had a trading volume of 349,699 shares, compared to its average volume of 383,967. The stock has a market capitalization of $13.72 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 3.02 and a beta of 1.74. 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 fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company's fifty day moving average is $492.23 and its 200 day moving average is $449.24.

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 the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million during the quarter, compared to analysts' expectations of $839.82 million. During the same quarter in the prior year, the firm posted $3.67 EPS. Saia's quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts expect that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

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.