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

Cwm LLC lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227 shares of the transportation company’s stock after selling 79 shares during the quarter. Cwm LLC’s holdings in Saia were worth $99,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SAIA. Blue Trust Inc. raised its holdings 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 acquiring an additional 42 shares in the last quarter. Quarry LP acquired a new position in shares of Saia in the 2nd quarter worth approximately $41,000. International Assets Investment Management LLC bought a new position in shares of Saia in the second quarter valued at about $42,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 83 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Saia by 56.2% in the second quarter. GAMMA Investing LLC now owns 139 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 50 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAIA. Jefferies Financial Group lifted their price objective on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lowered their target price on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and reduced their target price for the stock from $440.00 to $437.00 in a report on Monday, October 21st. BMO Capital Markets lowered their price target on Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $489.63.

Saia Trading Up 11.4 %

Shares of NASDAQ:SAIA opened at $461.65 on Friday. The company has a market capitalization of $12.27 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.05 and a beta of 1.74. Saia, Inc. has a 1 year low of $341.26 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50 day simple moving average is $422.43 and its 200 day simple moving average is $437.34.

Saia (NASDAQ:SAIA) last posted its quarterly 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 firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.67 EPS. On average, research analysts anticipate that Saia, Inc. will post 13.93 EPS for the current fiscal 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.