Van ECK Associates Corp Grows Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Van ECK Associates Corp grew its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 40.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,316 shares of the transportation company's stock after acquiring an additional 4,948 shares during the quarter. Van ECK Associates Corp owned 0.07% of Saia worth $7,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Saia Trading Up 1.3 %

Saia stock traded up $7.35 during trading hours on Friday, hitting $552.44. The stock had a trading volume of 291,013 shares, compared to its average volume of 389,979. 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 one year low of $358.90 and a one year high of $628.34. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 3.28 and a beta of 1.73. The business's 50 day simple moving average is $443.15 and its 200-day simple moving average is $433.62.

Saia (NASDAQ:SAIA - Get Free Report) last posted 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 return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the previous year, the business posted $3.67 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on SAIA shares. Evercore ISI dropped their target price on Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Stephens boosted their price target on Saia from $481.00 to $515.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Stifel Nicolaus cut Saia from a "buy" rating to a "hold" rating and reduced their target price for the company from $440.00 to $437.00 in a report on Monday, October 21st. TD Cowen boosted their price target on Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. Finally, Benchmark reissued a "buy" rating and issued a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. 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 company. According to MarketBeat, Saia has an average rating of "Moderate Buy" and a consensus target price of $492.00.

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.