Saia, Inc. (NASDAQ:SAIA) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Saia, Inc. (NASDAQ:SAIA) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396 shares of the transportation company’s stock after selling 81 shares during the period. ProShare Advisors LLC’s holdings in Saia were worth $662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pineridge Advisors LLC acquired a new position in shares of Saia in the 4th quarter valued at about $26,000. Core Wealth Advisors Inc. purchased a new stake in shares of Saia during the 4th quarter valued at about $32,000. Blue Trust Inc. raised its holdings in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares during the period. Rise Advisors LLC purchased a new stake in shares of Saia during the 1st quarter valued at about $40,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Saia during the 2nd quarter valued at about $42,000.

Saia Price Performance

Shares of NASDAQ SAIA opened at $434.62 on Monday. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.15 and a beta of 1.74. The business has a 50 day simple moving average of $409.73 and a 200-day simple moving average of $455.38.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The firm had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. As a group, equities research analysts expect that Saia, Inc. will post 13.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on SAIA shares. Susquehanna raised their target price on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Evercore ISI raised their target price on Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. Bank of America raised their target price on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Raymond James dropped their target price on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Finally, Wells Fargo & Company raised their target price on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $479.07.

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.