Natixis Advisors LLC Sells 16,717 Shares of Saia, Inc. (NASDAQ:SAIA)

Natixis Advisors LLC cut its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,916 shares of the transportation company's stock after selling 16,717 shares during the quarter. Natixis Advisors LLC owned approximately 0.60% of Saia worth $69,487,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock worth $32,000 after buying an additional 42 shares in the last quarter. Quarry LP bought a new stake in Saia in the 2nd quarter valued at about $41,000. International Assets Investment Management LLC acquired a new position in shares of Saia during the 2nd quarter worth approximately $42,000. Paladin Wealth LLC bought a new position in shares of Saia during the third quarter worth approximately $40,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of 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 buying an additional 83 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SAIA shares. Susquehanna increased their price target on Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research report on Wednesday, September 18th. Wells Fargo & Company boosted their price target on Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a research note on Thursday, September 5th. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $440.00 to $437.00 in a research note on Monday, October 21st. Citigroup boosted their target price on shares of Saia from $534.00 to $651.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Barclays increased their price target on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a research report on Wednesday. One 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's stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of "Moderate Buy" and a consensus target price of $506.00.

Saia Stock Performance

Saia stock opened at $522.37 on Friday. The business has a 50 day moving average of $461.16 and a 200-day moving average of $435.74. The company has a market capitalization of $13.89 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.88 and a beta of 1.73. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

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

Saia Company 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.