Saia, Inc. (NASDAQ:SAIA) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 2.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 75,401 shares of the transportation company’s stock after purchasing an additional 1,519 shares during the period. Rhumbline Advisers’ holdings in Saia were worth $35,762,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SAIA. Versor Investments LP raised its holdings in shares of Saia by 527.6% in the 2nd quarter. Versor Investments LP now owns 2,498 shares of the transportation company’s stock valued at $1,185,000 after purchasing an additional 2,100 shares in the last quarter. Hilltop Partners LLC raised its stake in Saia by 54.9% in the second quarter. Hilltop Partners LLC now owns 1,069 shares of the transportation company’s stock valued at $507,000 after buying an additional 379 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Saia by 1,666.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 583 shares of the transportation company’s stock worth $275,000 after buying an additional 550 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Saia by 18.2% during the 2nd quarter. Van ECK Associates Corp now owns 12,368 shares of the transportation company’s stock worth $5,866,000 after acquiring an additional 1,903 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Saia by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,390 shares of the transportation company’s stock worth $1,134,000 after acquiring an additional 69 shares in the last quarter.

Saia Stock Performance

NASDAQ SAIA opened at $402.39 on Friday. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.81 and a beta of 1.74. The business’s 50 day moving average is $419.86 and its two-hundred day moving average is $471.89. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Research analysts expect that Saia, Inc. will post 13.88 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Benchmark reiterated a “buy” rating and issued a $480.00 price target on shares of Saia in a research note on Thursday. Raymond James dropped their target price on shares of Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Evercore ISI upped their price objective on shares of Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $526.00 to $475.00 in a report on Friday, May 24th. Finally, Wells Fargo & Company upped their target price on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Saia has an average rating of “Hold” and an average target price of $476.73.

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.