Jennison Associates LLC Sells 55,067 Shares of Saia, Inc. (NASDAQ:SAIA)

Jennison Associates LLC lowered its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 31.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,461 shares of the transportation company's stock after selling 55,067 shares during the quarter. Jennison Associates LLC owned 0.45% of Saia worth $51,798,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SAIA. O Shaughnessy Asset Management LLC grew its position in Saia by 99.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,141 shares of the transportation company's stock worth $667,000 after purchasing an additional 570 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Saia during the first quarter valued at about $198,000. CreativeOne Wealth LLC acquired a new position in Saia in the 1st quarter valued at approximately $1,106,000. Quadrature Capital Ltd bought a new stake in shares of Saia in the 1st quarter worth approximately $573,000. Finally, LRI Investments LLC acquired a new stake in shares of Saia during the 1st quarter worth approximately $212,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SAIA shares. Benchmark restated a "buy" rating and issued a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. Evercore ISI dropped their price objective on Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group cut their price objective on Saia from $510.00 to $490.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on shares of Saia from $479.00 to $481.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. Finally, Bank of America boosted their target price on Saia from $443.00 to $460.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. One 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $506.00.

Saia Stock Down 0.4 %

Shares of Saia stock traded down $2.05 on Friday, reaching $547.14. 124,675 shares of the company were exchanged, compared to its average volume of 385,725. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 2.84 and a beta of 1.73. 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 one year low of $358.90 and a one year high of $628.34. The company has a 50-day moving average of $470.07 and a 200 day moving average of $439.04.

Saia (NASDAQ:SAIA - Get Free Report) last posted 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). 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 the consensus estimate of $839.82 million. During the same period last year, the company posted $3.67 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Saia, Inc. will post 13.54 earnings per share for the current year.

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.