Saia, Inc. (NASDAQ:SAIA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 8.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,074 shares of the transportation company's stock after selling 2,100 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Saia worth $10,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Saia by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company's stock valued at $1,465,488,000 after purchasing an additional 15,605 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company's stock worth $625,559,000 after buying an additional 149,074 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Saia by 1.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company's stock worth $358,206,000 after buying an additional 15,317 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company's stock valued at $414,425,000 after acquiring an additional 45,155 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in Saia by 1.5% during the 4th quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company's stock valued at $248,876,000 after acquiring an additional 8,599 shares during the last quarter.

Saia Stock Performance

Shares of SAIA traded up $9.54 during mid-day trading on Thursday, reaching $453.83. 263,767 shares of the company's stock traded hands, compared to its average volume of 309,320. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34. The stock has a market capitalization of $12.07 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. The business's 50-day moving average price is $414.59 and its 200-day moving average price is $463.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The company had revenue of $823.24 million during the quarter, compared to analyst estimates of $821.60 million. Equities analysts predict that Saia, Inc. will post 13.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America boosted their target price on shares of Saia from $443.00 to $460.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. TD Cowen increased 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. Benchmark reiterated a "buy" rating and issued a $480.00 price target on shares of Saia in a report on Thursday. Wells Fargo & Company raised their price objective on Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 5th. Finally, Evercore ISI lifted their price objective on shares of Saia from $523.00 to $566.00 and gave the stock an "outperform" rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $479.07.

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.