Lord Abbett & CO. LLC lowered its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 27.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,212 shares of the transportation company's stock after selling 41,648 shares during the quarter. Lord Abbett & CO. LLC owned 0.41% of Saia worth $47,754,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIA. Blue Trust Inc. grew its position in Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC bought a new position in shares of Saia during the 3rd quarter valued at approximately $40,000. Quarry LP purchased a new stake in shares of Saia during the 2nd quarter worth approximately $41,000. International Assets Investment Management LLC purchased a new stake in shares of Saia during the 2nd quarter worth approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock valued at $45,000 after purchasing an additional 83 shares during the last quarter.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on SAIA. Benchmark reaffirmed a "buy" rating and set a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. BMO Capital Markets increased their target price on shares of Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research report on Monday, October 28th. TD Cowen lifted their target price on shares of Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a research note on Thursday, September 5th. Wolfe Research upgraded shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Saia from $499.00 to $566.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $514.88.
Check Out Our Latest Analysis on SAIA
Saia Price Performance
Shares of NASDAQ SAIA traded up $4.57 during trading hours on Friday, reaching $528.65. 254,017 shares of the stock traded hands, compared to its average volume of 318,454. The company's 50-day simple moving average is $503.01 and its two-hundred day simple moving average is $455.57. The company has a market capitalization of $14.06 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 2.96 and a beta of 1.74. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. 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 (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 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 business had revenue of $842.10 million for the quarter, compared to analysts' expectations of $839.82 million. During the same period last year, the business posted $3.67 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Saia, Inc. will post 13.51 EPS for the current year.
Insiders Place Their Bets
In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares of the company's stock, valued at $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 available at the SEC website. 0.30% of the stock is currently owned by insiders.
Saia Profile
(
Free Report)
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.
Further Reading
Before you consider Saia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saia wasn't on the list.
While Saia currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
