Saia, Inc. (NASDAQ:SAIA) Stock Holdings Reduced by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in shares of Saia, Inc. (NASDAQ:SAIA) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,916 shares of the transportation company’s stock after selling 16,717 shares during the period. Natixis Advisors LLC owned 0.60% of Saia worth $69,487,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Saia by 16.2% during the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after purchasing an additional 149,074 shares in the last quarter. American Century Companies Inc. boosted its holdings in Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after acquiring an additional 124,117 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position 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. Clearbridge Investments LLC acquired a new stake in Saia during the 1st quarter worth $27,733,000. Finally, International Assets Investment Management LLC raised its position in shares of Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 shares during the last quarter.

Saia Stock Down 3.7 %

Saia stock opened at $522.37 on Friday. The company has a fifty day simple moving average of $461.16 and a 200 day simple moving average of $435.74. 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 company has a market cap of $13.89 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 2.88 and a beta of 1.73.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $3.67 EPS. Research analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen upped their price objective on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and lowered their target price for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Benchmark reissued a “buy” rating and set a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research report on Wednesday, October 9th. Finally, Barclays boosted their target price on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.