Atria Investments Inc Cuts Stake in Saia, Inc. (NASDAQ:SAIA)

Atria Investments Inc reduced its position in Saia, Inc. (NASDAQ:SAIA) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,740 shares of the transportation company’s stock after selling 175 shares during the quarter. Atria Investments Inc’s holdings in Saia were worth $2,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SAIA. SG Americas Securities LLC bought a new position in Saia in the first quarter worth approximately $569,000. Atomi Financial Group Inc. purchased a new stake in shares of Saia during the 1st quarter worth $206,000. Bleakley Financial Group LLC boosted its position in Saia by 7.0% during the first quarter. Bleakley Financial Group LLC now owns 707 shares of the transportation company’s stock valued at $414,000 after purchasing an additional 46 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in Saia in the first quarter valued at about $237,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Saia in the first quarter worth about $259,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SAIA shares. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and lowered their price target for the company from $440.00 to $437.00 in a report on Monday, October 21st. Citigroup raised their target price on shares of Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark reaffirmed a “buy” rating and set a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Susquehanna raised their price objective on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Finally, TD Cowen upped their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $506.00.

Saia Stock Performance

NASDAQ SAIA opened at $537.20 on Thursday. The firm has a market capitalization of $14.28 billion, a P/E ratio of 38.37, a PEG ratio of 3.15 and a beta of 1.73. The stock has a 50-day simple moving average of $455.88 and a two-hundred day simple moving average of $433.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly 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). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter in the prior year, the business posted $3.67 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast 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.