Saia, Inc. (NASDAQ:SAIA) Stock Holdings Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 43,625.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 38,916 shares of the transportation company's stock after buying an additional 38,827 shares during the quarter. International Assets Investment Management LLC owned approximately 0.15% of Saia worth $17,016,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SAIA. Sequoia Financial Advisors LLC lifted its position in Saia by 22.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company's stock valued at $372,000 after purchasing an additional 155 shares during the last quarter. Jade Capital Advisors LLC bought a new stake in Saia in the 3rd quarter valued at about $437,000. Allspring Global Investments Holdings LLC lifted its position in Saia by 64.6% in 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 purchasing an additional 98,383 shares during the last quarter. Raymond James & Associates lifted its position in Saia by 4.6% in the 3rd quarter. Raymond James & Associates now owns 102,837 shares of the transportation company's stock valued at $44,966,000 after purchasing an additional 4,548 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock valued at $135,000 after purchasing an additional 217 shares during the last quarter.

Analysts Set New Price Targets

SAIA has been the topic of several recent research reports. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and cut their price objective for the company from $440.00 to $437.00 in a research report on Monday, October 21st. The Goldman Sachs Group cut their price objective on shares of Saia from $510.00 to $490.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 9th. Citigroup started coverage on shares of Saia in a research note on Wednesday, October 9th. They set a "buy" rating and a $518.00 target price on the stock. TD Cowen raised their target price on shares of Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research note on Thursday, September 5th. Finally, Jefferies Financial Group raised their target price on shares of Saia from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $492.00.

Saia Price Performance

Shares of SAIA traded up $14.34 during mid-day trading on Wednesday, hitting $491.33. The company's stock had a trading volume of 536,236 shares, compared to its average volume of 390,631. The firm has a 50-day moving average price of $426.08 and a 200 day moving average price of $433.77. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.21 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 1.36. Saia, Inc. has a fifty-two week low of $354.32 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analysts' expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $3.67 earnings per share. On average, research analysts predict that Saia, Inc. will post 13.88 EPS for the current fiscal 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.