Harvest Fund Management Co. Ltd Invests $59,000 in Saia, Inc. (NASDAQ:SAIA)

Harvest Fund Management Co. Ltd acquired a new position in Saia, Inc. (NASDAQ:SAIAFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 147 shares of the transportation company’s stock, valued at approximately $59,000.

Several other large investors have also recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its holdings in shares of Saia by 10.9% in the 3rd quarter. Retirement Systems of Alabama now owns 40,773 shares of the transportation company’s stock worth $16,254,000 after acquiring an additional 3,995 shares during the last quarter. NBC Securities Inc. acquired a new stake in Saia during the 3rd quarter worth approximately $54,000. EverSource Wealth Advisors LLC boosted its position in Saia by 30.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 766 shares of the transportation company’s stock valued at $305,000 after buying an additional 181 shares during the period. Signaturefd LLC increased its position in shares of Saia by 209.7% during the third quarter. Signaturefd LLC now owns 192 shares of the transportation company’s stock worth $77,000 after acquiring an additional 130 shares during the period. Finally, Advisor OS LLC raised its stake in shares of Saia by 6.5% in the third quarter. Advisor OS LLC now owns 1,993 shares of the transportation company’s stock valued at $795,000 after acquiring an additional 121 shares in the last quarter.

Saia Stock Performance

Saia stock opened at $453.03 on Wednesday. Saia, Inc. has a fifty-two week low of $244.69 and a fifty-two week high of $472.10. The company has a market capitalization of $12.03 billion, a P/E ratio of 35.98, a PEG ratio of 2.11 and a beta of 1.55. The stock has a 50-day simple moving average of $428.97 and a 200-day simple moving average of $413.57.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Benchmark reissued a “buy” rating and set a $475.00 target price on shares of Saia in a research note on Thursday, December 14th. Susquehanna upgraded shares of Saia from a “neutral” rating to a “positive” rating and decreased their price target for the stock from $450.00 to $420.00 in a research note on Tuesday, October 31st. StockNews.com raised shares of Saia from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Barclays lowered their target price on shares of Saia from $460.00 to $450.00 and set an “overweight” rating for the company in a research note on Monday, October 30th. Finally, Raymond James cut their price target on Saia from $450.00 to $420.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $419.39.

Read Our Latest Report on SAIA

Saia Company Profile

(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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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