2,379 Shares in Saia, Inc. (NASDAQ:SAIA) Acquired by Weiss Asset Management LP

Weiss Asset Management LP bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,379 shares of the transportation company's stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Blue Trust Inc. boosted 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 third quarter valued at about $40,000. Quarry LP bought a new position in shares of Saia during the second quarter valued at about $41,000. International Assets Investment Management LLC bought a new position in shares of Saia during the second quarter valued at about $42,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock valued at $45,000 after acquiring an additional 83 shares during the last quarter.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company's stock.

Saia Stock Up 0.0 %

Shares of NASDAQ SAIA traded up $0.25 on Monday, reaching $516.18. 616,248 shares of the company's stock traded hands, compared to its average volume of 385,009. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The business's 50 day simple moving average is $493.86 and its two-hundred day simple moving average is $451.07. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 2.89 and a beta of 1.74. 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 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 for the quarter, compared to analysts' expectations of $839.82 million. During the same quarter in the previous year, the company earned $3.67 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Saia, Inc. will post 13.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Saia from $651.00 to $644.00 and set a "buy" rating for the company in a research note on Wednesday, December 4th. Barclays upped their price objective on shares of Saia from $515.00 to $620.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and lowered their price objective for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Evercore ISI decreased their price target on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Finally, TD Cowen increased their price target 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. One 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.59.

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.