State Street Corp Acquires 24,351 Shares of Saia, Inc. (NASDAQ:SAIA)

State Street Corp raised its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 805,597 shares of the transportation company's stock after buying an additional 24,351 shares during the quarter. State Street Corp owned about 3.03% of Saia worth $352,255,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Saia in the third quarter worth $22,979,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Saia in the third quarter worth $7,058,000. Westfield Capital Management Co. LP increased its holdings in Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock worth $132,744,000 after buying an additional 31,991 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Saia during the third quarter worth $437,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Saia by 54.5% during the second 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 during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SAIA. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and lowered their target price for the stock from $440.00 to $437.00 in a report on Monday, October 21st. Stephens boosted their target price on shares of Saia from $481.00 to $515.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Evercore ISI lowered their target price on shares of Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. Jefferies Financial Group boosted their target price on shares of Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a report on Monday, October 28th. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now 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 the SEC website. Company insiders own 0.30% of the company's stock.

Saia Price Performance

SAIA traded up $6.79 on Tuesday, hitting $522.97. 357,846 shares of the stock were exchanged, compared to its average volume of 384,894. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The business has a 50-day moving average of $495.44 and a two-hundred day moving average of $452.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 2.89 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data 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). 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 in the prior year, the company earned $3.67 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Saia, Inc. will post 13.53 EPS for the current fiscal year.

About Saia

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.