Jacobs Levy Equity Management Inc. Decreases Stake in Saia, Inc. (NASDAQ:SAIA)

Jacobs Levy Equity Management Inc. cut its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 18.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,426 shares of the transportation company's stock after selling 11,584 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.19% of Saia worth $22,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings 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 period. Allspring Global Investments Holdings LLC boosted its holdings in Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock valued at $109,589,000 after acquiring an additional 98,383 shares during the period. Wasatch Advisors LP boosted its holdings in Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock valued at $302,761,000 after acquiring an additional 64,351 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Saia during the 3rd quarter valued at about $22,979,000. Finally, International Assets Investment Management LLC boosted its holdings in Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock valued at $17,016,000 after acquiring an additional 38,827 shares during the period.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction that occurred 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 directly 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 document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus cut Saia from a "buy" rating to a "hold" rating and lowered their target price for the company from $440.00 to $437.00 in a report on Monday, October 21st. BMO Capital Markets raised their target price on Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a report on Monday, October 28th. Benchmark reaffirmed a "buy" rating and issued a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Evercore ISI reduced their price target on Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Finally, Susquehanna increased their price target on Saia from $550.00 to $585.00 and gave the company a "positive" rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $505.59.

Saia Stock Performance

SAIA traded down $25.53 during trading on Thursday, hitting $516.83. 314,376 shares of the stock were exchanged, compared to its average volume of 384,112. The firm has a market capitalization of $13.74 billion, a P/E ratio of 38.74, a PEG ratio of 3.02 and a beta of 1.74. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The stock has a fifty day moving average price of $490.52 and a two-hundred day moving average price of $448.77. 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 (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million for 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 company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $3.67 EPS. As a group, sell-side analysts predict that Saia, Inc. will post 13.54 earnings per share 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.