Saia, Inc. (NASDAQ:SAIA) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. boosted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 220.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,800 shares of the transportation company's stock after purchasing an additional 8,800 shares during the period. Polar Asset Management Partners Inc.'s holdings in Saia were worth $5,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company's stock valued at $75,817,000 after buying an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC grew 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 acquiring an additional 98,383 shares in the last quarter. Wasatch Advisors LP increased its stake in 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 during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia during the third quarter worth about $22,979,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Saia by 43,625.8% in the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock valued at $17,016,000 after purchasing an additional 38,827 shares during the period.

Insider Activity

In related news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction dated 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 owns 8,270 shares of the company's stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SAIA shares. Benchmark reaffirmed a "buy" rating and set a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. JPMorgan Chase & Co. upped their price objective on Saia from $479.00 to $481.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Wolfe Research upgraded Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price objective on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their target price 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, Susquehanna increased their price target on Saia from $550.00 to $585.00 and gave the company a "positive" rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $505.59.

Saia Stock Performance

Shares of SAIA traded down $25.53 during midday trading on Thursday, reaching $516.83. 314,376 shares of the stock were exchanged, compared to its average volume of 384,112. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 3.02 and a beta of 1.74. The business's 50-day moving average price is $492.23 and its 200 day moving average price is $449.24.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $3.67 EPS. On average, sell-side analysts expect that Saia, Inc. will post 13.54 EPS for the current fiscal year.

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.