Saia, Inc. (NASDAQ:SAIA) Stock Position Increased by State Street Corp

State Street Corp raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3.1% in the third quarter, HoldingsChannel reports. The firm owned 805,597 shares of the transportation company’s stock after acquiring an additional 24,351 shares during the period. State Street Corp’s holdings in Saia were worth $352,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its holdings in shares of Saia by 66.7% during the third quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company’s stock valued at $362,000 after buying an additional 331 shares during the last quarter. Polar Asset Management Partners Inc. raised its stake in Saia by 220.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 12,800 shares of the transportation company’s stock valued at $5,597,000 after acquiring an additional 8,800 shares in the last quarter. Centiva Capital LP acquired a new position in Saia during the 3rd quarter worth $474,000. Atom Investors LP bought a new position in shares of Saia in the third quarter worth $507,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Saia during the third quarter valued at $22,979,000.

Saia Trading Up 0.0 %

Shares of SAIA opened at $516.18 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The stock has a market capitalization of $13.73 billion, a P/E ratio of 36.87, a P/E/G ratio of 2.89 and a beta of 1.74. The business’s 50-day moving average price is $495.44 and its 200 day moving average price is $452.02.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.67 EPS. Analysts expect that Saia, Inc. will post 13.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective 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. Jefferies Financial Group upped their price target on shares of Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Stephens raised their price objective on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Benchmark reissued a “buy” rating and set a $480.00 target price on shares of Saia in a report on Thursday, September 19th. Finally, Barclays increased their price target on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Saia 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.