Saia, Inc. (NASDAQ:SAIA) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its position in Saia, Inc. (NASDAQ:SAIA) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,826 shares of the transportation company’s stock after selling 458 shares during the period. Harbor Capital Advisors Inc.’s holdings in Saia were worth $4,478,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in Saia during the third quarter worth approximately $1,408,000. MML Investors Services LLC lifted its position in shares of Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 2,041 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Saia in the 3rd quarter valued at $22,979,000. BNP Paribas Financial Markets grew its stake in Saia by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 1,411 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Saia by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock worth $31,633,000 after acquiring an additional 3,886 shares in the last quarter.

Saia Stock Up 0.5 %

SAIA stock opened at $450.66 on Friday. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The firm has a market cap of $11.99 billion, a PE ratio of 32.19, a PEG ratio of 2.96 and a beta of 1.79. The firm’s 50 day moving average price is $512.51 and its 200-day moving average price is $459.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS 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 business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period last year, the company earned $3.67 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Saia, Inc. will post 13.51 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on SAIA shares. BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and reduced their target price for the company from $440.00 to $437.00 in a report on Monday, October 21st. Jefferies Financial Group lifted their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday. Benchmark reissued a “buy” rating and issued a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Finally, Stephens lifted their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $515.18.

Insider Transactions at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was 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 available through this link. 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.