Saia, Inc. (NASDAQ:SAIA) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its position in shares of Saia, Inc. (NASDAQ:SAIA) by 89.8% during the third quarter, HoldingsChannel reports. The firm owned 4,313 shares of the transportation company’s stock after buying an additional 2,041 shares during the period. MML Investors Services LLC’s holdings in Saia were worth $1,886,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Saia during the third quarter valued at about $40,000. Quarry LP purchased a new stake in shares of Saia during the second quarter worth about $41,000. International Assets Investment Management LLC acquired a new position in shares of Saia in the second quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 83 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and cut their target price for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Stephens upped their price target on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Evercore ISI cut their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. 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 stock. According to MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $514.88.

Saia Stock Performance

SAIA stock opened at $536.31 on Tuesday. 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 $14.26 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 2.96 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $505.24 and its two-hundred day moving average is $456.51.

Saia (NASDAQ:SAIA) last issued 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 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 the consensus estimate of $839.82 million. During the same quarter in the prior year, the business earned $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts predict that Saia, Inc. will post 13.51 EPS for the current year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Saia Company 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.