Massachusetts Financial Services Co. MA Trims Position in Saia, Inc. (NASDAQ:SAIA)

Massachusetts Financial Services Co. MA trimmed its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,532 shares of the transportation company's stock after selling 24,869 shares during the period. Massachusetts Financial Services Co. MA owned about 0.79% of Saia worth $92,057,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SAIA. Segall Bryant & Hamill LLC grew its holdings in shares of Saia by 19.9% during the third quarter. Segall Bryant & Hamill LLC now owns 24,896 shares of the transportation company's stock worth $10,886,000 after buying an additional 4,135 shares in the last quarter. Avior Wealth Management LLC boosted its position in Saia by 6.0% during the third quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company's stock worth $496,000 after acquiring an additional 64 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Saia by 12.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,540 shares of the transportation company's stock valued at $1,548,000 after acquiring an additional 386 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Saia in the 3rd quarter valued at about $7,058,000. Finally, Pathstone Holdings LLC lifted its stake in Saia by 3.8% in the 3rd quarter. Pathstone Holdings LLC now owns 9,390 shares of the transportation company's stock worth $4,106,000 after purchasing an additional 345 shares in the last quarter.

Saia Stock Down 1.4 %

Shares of NASDAQ:SAIA traded down $7.50 during trading on Friday, hitting $541.69. The company's stock had a trading volume of 267,464 shares, compared to its average volume of 406,875. The company has a market capitalization of $14.40 billion, a PE ratio of 38.69, a P/E/G ratio of 3.03 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current 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 business has a 50 day moving average price of $472.25 and a two-hundred day moving average price of $440.50.

Saia (NASDAQ:SAIA - Get Free Report) last released its 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). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the firm 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, research analysts expect that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SAIA shares. Jefferies Financial Group upped their price target on Saia from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. TD Cowen raised their target price on Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a research note on Thursday, September 5th. Citigroup boosted their price target on shares of Saia from $534.00 to $651.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Wolfe Research upgraded shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price objective for the company in a research report on Wednesday, October 9th. Finally, Benchmark restated a "buy" rating and set a $480.00 price target on shares of Saia in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $506.00.

About Saia

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.