Natixis Advisors LLC Has $69.49 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Natixis Advisors LLC lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,916 shares of the transportation company’s stock after selling 16,717 shares during the quarter. Natixis Advisors LLC’s holdings in Saia were worth $69,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAIA. Fifth Third Bancorp lifted its position in Saia by 10.5% during the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after acquiring an additional 22 shares during the last quarter. LRI Investments LLC increased its stake in 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 acquiring an additional 24 shares during the last quarter. CIBC Asset Management Inc raised its holdings 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 buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Saia by 3.9% during the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after acquiring an additional 27 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 30 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SAIA shares. JPMorgan Chase & Co. lifted their target price on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Barclays boosted their price target on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup raised their price objective on Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stephens lifted their target price on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group decreased their price objective on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $506.00.

Saia Stock Performance

NASDAQ:SAIA opened at $522.37 on Friday. The business’s fifty day moving average is $461.16 and its 200 day moving average is $435.74. 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 firm has a market cap of $13.89 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.88 and a beta of 1.73. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.67 earnings per share. Research analysts predict that Saia, Inc. will post 13.54 EPS for the current year.

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.