Saia, Inc. (NASDAQ:SAIA) Stake Reduced by Swiss National Bank

Swiss National Bank trimmed its stake in Saia, Inc. (NASDAQ:SAIA) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 52,000 shares of the transportation company’s stock after selling 300 shares during the quarter. Swiss National Bank owned approximately 0.20% of Saia worth $22,738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Saia during the third quarter valued at approximately $40,000. Quarry LP acquired a new position in shares of Saia during the second quarter worth approximately $41,000. International Assets Investment Management LLC bought a new position in Saia in the 2nd quarter worth approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 83 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Barclays raised their target price on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group reduced their price target 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. Evercore ISI lowered their price objective 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, JPMorgan Chase & Co. upped their target price on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One 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. Based on data from MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and an average price target of $506.00.

Saia Trading Up 3.6 %

Shares of SAIA opened at $549.19 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. 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 $14.61 billion, a P/E ratio of 39.23, a P/E/G ratio of 2.84 and a beta of 1.73. The business’s 50-day moving average price is $467.49 and its 200 day moving average price is $438.27.

Saia (NASDAQ:SAIA) last released its earnings results 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). The firm 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 business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $3.67 earnings per share. Analysts expect that Saia, Inc. will post 13.54 earnings per share 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.