Amalgamated Bank Sells 2,095 Shares of Saia, Inc. (NASDAQ:SAIA)

Amalgamated Bank lessened its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,631 shares of the transportation company's stock after selling 2,095 shares during the quarter. Amalgamated Bank owned approximately 0.05% of Saia worth $6,465,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SAIA. Primecap Management Co. CA raised its position in Saia by 14.8% during the 2nd quarter. Primecap Management Co. CA now owns 70,600 shares of the transportation company's stock worth $33,485,000 after purchasing an additional 9,100 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Saia by 15.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company's stock worth $111,648,000 after acquiring an additional 31,397 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Saia by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 103,710 shares of the transportation company's stock worth $49,189,000 after acquiring an additional 10,473 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Saia by 51.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,722 shares of the transportation company's stock worth $4,611,000 after acquiring an additional 3,319 shares during the period. Finally, Qsemble Capital Management LP boosted its holdings in Saia by 133.1% in the second quarter. Qsemble Capital Management LP now owns 2,005 shares of the transportation company's stock valued at $951,000 after acquiring an additional 1,145 shares during the last quarter.

Saia Stock Performance

NASDAQ SAIA opened at $453.83 on Friday. The company has a market cap of $12.07 billion, a P/E ratio of 32.89, a PEG ratio of 2.05 and a beta of 1.74. The company has a fifty day simple moving average of $414.65 and a 200 day simple moving average of $463.62. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAIA. Stifel Nicolaus upgraded shares of Saia from a "hold" rating to a "buy" rating and dropped their price target for the stock from $526.00 to $475.00 in a research report on Friday, May 24th. JPMorgan Chase & Co. boosted their target price on shares of Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Barclays cut their price target on shares of Saia from $575.00 to $515.00 and set an "overweight" rating on the stock in a research report on Monday, July 29th. BMO Capital Markets lowered their price objective on Saia from $500.00 to $480.00 and set a "market perform" rating for the company in a research report on Monday, July 29th. Finally, Bank of America upped 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $479.07.

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.