MML Investors Services LLC Has $1.89 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

MML Investors Services LLC grew its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 89.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,313 shares of the transportation company's stock after purchasing an additional 2,041 shares during the quarter. MML Investors Services LLC's holdings in Saia were worth $1,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 buying an additional 22,143 shares in the last quarter. State Street Corp boosted its position in Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company's stock worth $352,255,000 after acquiring an additional 24,351 shares during the period. Wasatch Advisors LP grew its stake in shares of Saia by 10.2% in 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. Westfield Capital Management Co. LP increased its holdings in shares of Saia by 11.8% during the third 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 during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Saia by 64.6% during the third 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 in the last quarter.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SAIA shares. BMO Capital Markets raised their price objective on shares of Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a research note on Monday, October 28th. Citigroup dropped their price target on shares of Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a research report on Wednesday, December 4th. Evercore ISI lowered their price objective on shares of Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group raised their target price on shares of Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, Benchmark reaffirmed a "buy" rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Saia presently has an average rating of "Moderate Buy" and an average target price of $514.88.

Saia Stock Down 0.6 %

Shares of SAIA traded down $3.48 during midday trading on Tuesday, reaching $532.83. 324,769 shares of the stock were exchanged, compared to its average volume of 382,838. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 38.09, a P/E/G ratio of 2.96 and a beta of 1.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The firm has a 50 day simple moving average of $505.24 and a 200-day simple moving average of $456.51.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million for 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%. The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.67 EPS. Research analysts forecast that Saia, Inc. will post 13.51 EPS for the current 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.