Harbor Capital Advisors Inc. raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 173.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,284 shares of the transportation company's stock after buying an additional 6,523 shares during the period. Harbor Capital Advisors Inc.'s holdings in Saia were worth $4,497,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp grew its position in Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock valued at $110,000 after acquiring an additional 22 shares in the last quarter. LRI Investments LLC increased its stake in Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock worth $183,000 after buying an additional 24 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company's stock worth $423,000 after buying an additional 27 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company's stock valued at $1,742,000 after buying an additional 30 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock valued at $337,000 after acquiring an additional 30 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SAIA shares. Bank of America raised their price objective on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Wells Fargo & Company lifted their price target on shares of Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 5th. Stephens increased their price objective on shares of Saia from $481.00 to $515.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. The Goldman Sachs Group dropped their target price on shares of Saia from $510.00 to $490.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Finally, Susquehanna increased their price target on shares of Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $492.00.
Check Out Our Latest Stock Report on SAIA
Saia Stock Performance
Shares of Saia stock traded up $5.45 during trading on Monday, hitting $486.14. 188,924 shares of the stock were exchanged, compared to its average volume of 388,468. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.26. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The stock's fifty day moving average is $431.41 and its 200 day moving average is $432.27. The stock has a market cap of $12.93 billion, a PE ratio of 34.34, a P/E/G ratio of 2.81 and a beta of 1.73.
Saia (NASDAQ:SAIA - Get Free Report) last posted 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). The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $3.67 EPS. As a group, sell-side analysts anticipate that Saia, Inc. will post 13.56 EPS for the current year.
Saia Profile
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Free Report)
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.
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