Principal Financial Group Inc. Sells 26,785 Shares of Saia, Inc. (NASDAQ:SAIA)

Principal Financial Group Inc. decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 30.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,946 shares of the transportation company's stock after selling 26,785 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of Saia worth $27,087,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SAIA. Blue Trust Inc. grew its position in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after acquiring an additional 42 shares during the period. Quarry LP acquired a new stake in shares of Saia during the 2nd quarter worth about $41,000. International Assets Investment Management LLC acquired a new position in shares of Saia in the 2nd quarter worth approximately $42,000. Paladin Wealth LLC purchased a new stake in Saia in the third quarter valued at approximately $40,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock valued at $45,000 after buying an additional 83 shares during the period.

Saia Stock Down 0.1 %

SAIA stock traded down $0.60 during midday trading on Wednesday, reaching $545.13. The company had a trading volume of 87,005 shares, compared to its average volume of 388,504. The company has a 50 day moving average of $453.48 and a two-hundred day moving average of $433.25. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a market capitalization of $14.50 billion, a P/E ratio of 38.90, a PEG ratio of 3.15 and a beta of 1.73.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $3.67 earnings per share. On average, equities research analysts expect that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. TD Cowen raised their price objective 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. Bank of America increased their target price on shares of Saia from $443.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Stifel Nicolaus lowered Saia from a "buy" rating to a "hold" rating and dropped their target price for the company from $440.00 to $437.00 in a report on Monday, October 21st. 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 report on Thursday, September 5th. Finally, Evercore ISI lowered their target price on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $506.00.

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.