The Manufacturers Life Insurance Company lessened its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,299 shares of the transportation company's stock after selling 970 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Saia worth $9,313,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of SAIA. Gateway Investment Advisers LLC acquired a new position in Saia in the 2nd quarter worth $3,012,000. Westfield Capital Management Co. LP boosted its stake in Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock worth $132,744,000 after purchasing an additional 31,991 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Saia during the 3rd quarter worth about $7,058,000. Wolverine Asset Management LLC bought a new stake in Saia during the 3rd quarter worth about $437,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Saia by 54.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,657 shares of the transportation company's stock worth $3,157,000 after buying an additional 2,347 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Evercore ISI cut their price target on shares of Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Wolfe Research raised shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock 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. Citigroup reduced 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. Finally, Bank of America increased their price target on shares of Saia from $443.00 to $460.00 and gave the stock a "buy" rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Saia has a consensus rating of "Moderate Buy" and a consensus price target of $505.59.
Read Our Latest Stock Report on Saia
Saia Stock Performance
SAIA stock traded down $5.61 during trading on Wednesday, reaching $542.36. The company had a trading volume of 263,896 shares, compared to its average volume of 384,410. The firm has a 50-day simple moving average of $490.52 and a 200-day simple moving average of $448.77. The company has a market cap of $14.42 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 3.08 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34.
Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million for the quarter, compared to analysts' expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $3.67 earnings per share. As a group, sell-side analysts expect that Saia, Inc. will post 13.54 earnings per share for the current year.
Insider Activity at Saia
In other news, EVP Rohit Lal sold 1,120 shares of the 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 completion of the sale, the executive vice president now directly owns 8,270 shares of the company's stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.
About Saia
(
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.
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![Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=SAIA)
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