The Manufacturers Life Insurance Company lessened its position in Saia, Inc. (NASDAQ:SAIA – Free Report) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,299 shares of the transportation company’s stock after selling 970 shares during the period. The Manufacturers Life Insurance Company’s holdings in Saia were worth $9,313,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of 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 during the last quarter. Paladin Wealth LLC acquired a new position in Saia in the third quarter valued at $40,000. Quarry LP purchased a new position in Saia during the second quarter worth about $41,000. International Assets Investment Management LLC purchased a new position in Saia during the second quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after buying an additional 83 shares during the last quarter.
Saia Price Performance
Shares of SAIA stock opened at $547.97 on Wednesday. The firm has a fifty day simple moving average of $488.68 and a 200-day simple moving average of $448.11. The company has a market capitalization of $14.57 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 3.08 and a beta of 1.74. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.
Insider Buying and Selling at Saia
In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by insiders.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SAIA. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and cut their price objective for the stock from $440.00 to $437.00 in a report on Monday, October 21st. Susquehanna lifted their price target on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. TD Cowen increased their target price on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Finally, Barclays boosted their price target on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.
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