Geode Capital Management LLC grew its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 471,667 shares of the transportation company's stock after acquiring an additional 6,456 shares during the period. Geode Capital Management LLC owned 1.77% of Saia worth $206,292,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. MML Investors Services LLC raised its stake in shares of Saia by 89.8% in the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company's stock worth $1,886,000 after buying an additional 2,041 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Saia by 31.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,231 shares of the transportation company's stock worth $976,000 after acquiring an additional 530 shares in the last quarter. Weiss Asset Management LP bought a new stake in Saia during the 3rd quarter worth approximately $1,040,000. State Street Corp lifted its holdings in Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company's stock valued at $352,255,000 after purchasing an additional 24,351 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Saia by 66.7% in the third quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company's stock worth $362,000 after purchasing an additional 331 shares during the period.
Saia stock opened at $528.65 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 twelve month low of $358.90 and a twelve month high of $628.34. The company's 50-day moving average price is $503.01 and its 200-day moving average price is $455.57. The company has a market cap of $14.06 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.96 and a beta of 1.74.
Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $842.10 million for the quarter, compared to analysts' expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $3.67 earnings per share. On average, equities research analysts forecast that Saia, Inc. will post 13.51 EPS for the current fiscal year.
In other Saia news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were 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. This trade represents 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 this hyperlink. 0.30% of the stock is currently owned by insiders.
SAIA has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research note on Thursday. Benchmark restated a "buy" rating and issued a $480.00 price objective on shares of Saia in a research report on Thursday, September 19th. Wolfe Research upgraded Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 target price for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Saia from $499.00 to $566.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, Barclays increased their price objective on shares of Saia from $515.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. One equities research 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. According to data from MarketBeat, Saia currently has an average rating of "Moderate Buy" and an average target price of $514.88.
Read Our Latest Analysis on SAIA
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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