UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $33.86 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,447 shares of the transportation company's stock after purchasing an additional 3,901 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Saia worth $33,864,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock valued at $110,000 after purchasing an additional 22 shares in the last quarter. LRI Investments LLC grew its position in shares of Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock valued at $183,000 after purchasing an additional 24 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Saia by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock worth $337,000 after purchasing an additional 26 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock worth $337,000 after purchasing an additional 30 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its stake in Saia by 5.6% in the 2nd quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company's stock valued at $313,000 after buying an additional 35 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the company's 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company's stock.

Saia Stock Performance

SAIA stock traded down $25.53 during midday trading on Thursday, hitting $516.83. 314,376 shares of the company traded hands, compared to its average volume of 384,112. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a 50 day simple moving average of $492.23 and a 200-day simple moving average of $449.24. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 3.02 and a beta of 1.74. 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 issued its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the previous year, the company posted $3.67 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Saia, Inc. will post 13.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SAIA. Stephens increased their price objective on Saia from $481.00 to $515.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Barclays raised their price target on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Susquehanna boosted their price objective on shares of Saia from $550.00 to $585.00 and gave the company a "positive" rating in a research report on Wednesday, September 18th. Benchmark reissued a "buy" rating and set a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Finally, Wolfe Research raised 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and a consensus price target of $505.59.

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.