Citigroup Inc. Buys 2,938 Shares of Saia, Inc. (NASDAQ:SAIA)

Citigroup Inc. lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 27.2% in the third quarter, HoldingsChannel.com reports. The fund owned 13,731 shares of the transportation company’s stock after buying an additional 2,938 shares during the quarter. Citigroup Inc.’s holdings in Saia were worth $6,004,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SAIA. Cetera Advisors LLC purchased a new position in Saia in the first quarter worth about $311,000. GAMMA Investing LLC boosted its position in shares of Saia by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 139 shares of the transportation company’s stock worth $66,000 after purchasing an additional 50 shares in the last quarter. Fulton Bank N.A. boosted its stake in Saia by 38.3% in the 2nd quarter. Fulton Bank N.A. now owns 1,436 shares of the transportation company’s stock worth $681,000 after purchasing an additional 398 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Saia by 313.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,761 shares of the transportation company’s stock valued at $1,784,000 after purchasing an additional 2,851 shares during the last quarter. Finally, OLD National Bancorp IN purchased a new position in Saia during the 2nd quarter worth approximately $392,000.

Saia Stock Performance

NASDAQ SAIA opened at $569.08 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The business has a fifty day moving average of $484.51 and a 200-day moving average of $446.00. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 3.14 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 analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter last year, the company posted $3.67 earnings per share. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, 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 Saia stock in a transaction 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 sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SAIA. The Goldman Sachs Group cut their price objective on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. TD Cowen increased their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Bank of America lifted their target price on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Barclays boosted their price target on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. raised their price target on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $506.00.

Saia 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.