Saia, Inc. (NASDAQ:SAIA) Position Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 18.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 476 shares of the transportation company’s stock after selling 107 shares during the quarter. Farther Finance Advisors LLC’s holdings in Saia were worth $208,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in shares of Saia by 16.2% during the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares during the period. American Century Companies Inc. grew its position in Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after buying an additional 124,117 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after buying an additional 98,383 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Saia during the first quarter valued at $27,733,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Saia by 43,625.8% in the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after buying an additional 38,827 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SAIA shares. The Goldman Sachs Group lowered their price target on Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Benchmark reaffirmed a “buy” rating and set a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. Stephens boosted their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Evercore ISI reduced their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, Susquehanna increased their price objective on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $492.00.

Saia Trading Down 0.0 %

NASDAQ SAIA opened at $544.89 on Friday. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $14.49 billion, a P/E ratio of 38.92, a P/E/G ratio of 3.28 and a beta of 1.73. The business has a 50 day simple moving average of $446.53 and a 200 day simple moving average of $432.99.

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

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.