Oddo BHF Asset Management Sas Buys New Shares in Saia, Inc. (NASDAQ:SAIA)

Oddo BHF Asset Management Sas bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,220 shares of the transportation company's stock, valued at approximately $1,408,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Saia by 2.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company's stock worth $412,566,000 after purchasing an additional 22,143 shares during the period. State Street Corp raised its stake in shares of Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company's stock valued at $352,255,000 after purchasing an additional 24,351 shares during the period. Wasatch Advisors LP lifted its position in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after purchasing an additional 64,351 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Saia by 1.4% in the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company's stock valued at $206,292,000 after purchasing an additional 6,456 shares during the period. Finally, Westfield Capital Management Co. LP grew its holdings in Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock valued at $132,744,000 after purchasing an additional 31,991 shares in the last quarter.

Insider Activity at Saia

In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on SAIA. Wells Fargo & Company increased their target price on Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a report on Thursday, September 5th. TD Cowen lifted their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a report on Thursday, September 5th. Citigroup dropped their target price on shares of Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a report on Wednesday, December 4th. Benchmark restated a "buy" rating and issued a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Finally, Bank of America boosted their price objective on shares of Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $514.88.

Saia Stock Performance

SAIA traded up $4.57 during trading hours on Friday, hitting $528.65. The company's stock had a trading volume of 254,017 shares, compared to its average volume of 383,483. The company has a 50-day simple moving average of $503.01 and a 200 day simple moving average of $455.16. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $14.06 billion, a PE ratio of 37.76, a PEG ratio of 2.92 and a beta of 1.74. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period last year, the business posted $3.67 earnings per share. Saia's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Saia, Inc. will post 13.52 EPS for the current year.

Saia 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.