Exchange Traded Concepts LLC Takes $366,000 Position in Saia, Inc. (NASDAQ:SAIA)

Exchange Traded Concepts LLC acquired a new stake in Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 804 shares of the transportation company’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also made changes to their positions in SAIA. The Manufacturers Life Insurance Company lifted its stake in Saia by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,269 shares of the transportation company’s stock valued at $10,562,000 after purchasing an additional 959 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Saia during the second quarter valued at approximately $791,000. Quarry LP acquired a new stake in Saia during the second quarter valued at approximately $41,000. Truist Financial Corp lifted its stake in Saia by 25.6% during the second quarter. Truist Financial Corp now owns 27,715 shares of the transportation company’s stock valued at $13,145,000 after purchasing an additional 5,643 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Saia by 67.2% during the second quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company’s stock valued at $37,603,000 after purchasing an additional 31,876 shares during the last quarter.

Insider Transactions at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by company insiders.

Saia Stock Performance

Shares of SAIA opened at $495.00 on Friday. The company’s fifty day moving average is $499.71 and its 200-day moving average is $462.24. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Analysts Set New Price Targets

SAIA has been the subject of several recent research reports. Jefferies Financial Group increased their target price on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Citigroup reduced their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Stifel Nicolaus upped their price target on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their price target on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Finally, Stephens upped their price target on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $527.65.

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.