Gradient Investments LLC Has $2.04 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Gradient Investments LLC lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,467 shares of the transportation company’s stock after selling 314 shares during the period. Gradient Investments LLC’s holdings in Saia were worth $2,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Artemis Investment Management LLP boosted its position in shares of Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after purchasing an additional 105,356 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares in the last quarter. Wasatch Advisors LP grew its stake in Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after acquiring an additional 64,351 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Saia during the third quarter valued at approximately $22,979,000. Finally, International Assets Investment Management LLC raised its position in shares of Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after purchasing an additional 38,827 shares during the period.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

SAIA has been the subject of a number of recent research reports. Evercore ISI decreased their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. BMO Capital Markets upped their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Citigroup dropped their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $527.65.

Saia Stock Down 1.4 %

SAIA opened at $494.30 on Friday. The company’s 50-day moving average price is $502.54 and its two-hundred day moving average price is $461.10. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.38 and a beta of 1.79. 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 (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the prior year, the business earned $3.67 EPS. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 13.47 earnings per share for the current year.

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.