BNP Paribas Financial Markets Grows Position in Saia, Inc. (NASDAQ:SAIA)

BNP Paribas Financial Markets raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 61.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,698 shares of the transportation company's stock after purchasing an additional 1,411 shares during the quarter. BNP Paribas Financial Markets' holdings in Saia were worth $1,617,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Saia by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company's stock valued at $412,566,000 after acquiring an additional 22,143 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Saia by 11.8% in 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. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 purchasing an additional 98,383 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Saia by 15.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company's stock worth $111,648,000 after purchasing an additional 31,397 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Saia by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 221,165 shares of the transportation company's stock worth $96,707,000 after purchasing an additional 6,342 shares during the period.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company's stock.

Saia Stock Down 0.2 %

NASDAQ SAIA traded down $0.90 on Friday, hitting $515.93. 349,999 shares of the stock were exchanged, compared to its average volume of 313,715. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a 50-day moving average price of $493.86 and a 200-day moving average price of $450.55. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $13.72 billion, a PE ratio of 36.85, a PEG ratio of 3.04 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last issued its 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 firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the previous year, the firm posted $3.67 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Saia, Inc. will post 13.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on SAIA shares. Jefferies Financial Group upped their target price on shares of Saia from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Barclays increased their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Evercore ISI cut 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. The Goldman Sachs Group lowered their price target on Saia from $510.00 to $490.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Finally, TD Cowen boosted their price objective on Saia from $416.00 to $418.00 and gave the company a "hold" rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of "Moderate Buy" and a consensus target price of $510.59.

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.