BlackRock Inc. Decreases Holdings in Saia, Inc. (NASDAQ:SAIA)

BlackRock Inc. lowered its stake in Saia, Inc. (NASDAQ:SAIA) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,844,614 shares of the transportation company’s stock after selling 89,995 shares during the period. BlackRock Inc. owned 0.15% of Saia worth $484,958,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Aperio Group LLC raised its holdings in shares of Saia by 2.3% in the third quarter. Aperio Group LLC now owns 16,696 shares of the transportation company’s stock worth $2,106,000 after buying an additional 373 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Saia by 3.6% in the third quarter. California Public Employees Retirement System now owns 60,668 shares of the transportation company’s stock worth $7,653,000 after buying an additional 2,111 shares during the last quarter. Icon Advisers Inc. Co. purchased a new position in shares of Saia in the third quarter worth $2,081,000. ARGI Investment Services LLC purchased a new position in shares of Saia in the third quarter worth $337,000. Finally, Congress Asset Management Co. MA raised its holdings in shares of Saia by 0.8% in the third quarter. Congress Asset Management Co. MA now owns 48,081 shares of the transportation company’s stock worth $6,065,000 after buying an additional 402 shares during the last quarter.

In other Saia news, Director Jeffrey C. Ward sold 700 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $166.13, for a total transaction of $116,291.00. Following the completion of the transaction, the director now owns 7,579 shares of the company’s stock, valued at $1,259,099.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on SAIA shares. Wells Fargo & Company started coverage on shares of Saia in a report on Wednesday, September 23rd. They set an “equal weight” rating and a $128.00 target price for the company. Morgan Stanley raised their target price on shares of Saia from $69.00 to $90.00 and gave the stock an “underweight” rating in a report on Wednesday, November 11th. Zacks Investment Research raised shares of Saia from a “hold” rating to a “strong-buy” rating and set a $151.00 target price for the company in a report on Wednesday, August 19th. The Goldman Sachs Group started coverage on shares of Saia in a report on Thursday, August 27th. They set a “neutral” rating and a $131.00 target price for the company. Finally, BidaskClub raised shares of Saia from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Saia currently has a consensus rating of “Buy” and a consensus price target of $126.00.

SAIA opened at $171.02 on Friday. The company has a market cap of $4.47 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 2.35 and a beta of 1.03. Saia, Inc. has a twelve month low of $61.46 and a twelve month high of $176.07. The company has a 50-day moving average price of $150.72 and a 200 day moving average price of $126.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.16.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, October 29th. The transportation company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.25. Saia had a return on equity of 13.12% and a net margin of 6.25%. The business had revenue of $481.40 million during the quarter, compared to analysts’ expectations of $470.98 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Saia, Inc. will post 4.53 earnings per share for the current year.

About Saia

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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