Raymond James Trust N.A. Acquires 69 Shares of Saia, Inc. (NASDAQ:SAIA)

Raymond James Trust N.A. lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 10.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 729 shares of the transportation company’s stock after purchasing an additional 69 shares during the quarter. Raymond James Trust N.A.’s holdings in Saia were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAIA. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Saia by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after purchasing an additional 22,143 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Saia by 64.6% during the 3rd 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 period. Massachusetts Financial Services Co. MA grew its stake in Saia by 15.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after buying an additional 31,397 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Saia by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 221,165 shares of the transportation company’s stock valued at $96,707,000 after acquiring an additional 6,342 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Saia by 19.3% during the third quarter. Victory Capital Management Inc. now owns 188,694 shares of the transportation company’s stock worth $82,508,000 after acquiring an additional 30,514 shares during the last quarter.

Saia Trading Down 0.3 %

SAIA opened at $564.38 on Thursday. The company’s 50 day moving average is $477.25 and its 200-day moving average is $442.63. The company has a market cap of $15.01 billion, a P/E ratio of 40.43, a PEG ratio of 3.07 and a beta of 1.73. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. 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 (NASDAQ:SAIA) last issued 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). The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.67 EPS. Equities research analysts predict that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Insider Activity at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the company’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 completion of the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on SAIA. Benchmark reaffirmed a “buy” rating and issued a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. Evercore ISI dropped their target price on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and lowered their price target for the stock from $440.00 to $437.00 in a research report on Monday, October 21st. Bank of America lifted their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, BMO Capital Markets increased their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $506.00.

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.