Saia, Inc. (NASDAQ:SAIA) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,299 shares of the transportation company’s stock after selling 970 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Saia worth $9,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SAIA. Kayne Anderson Rudnick Investment Management LLC raised its stake in Saia by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock worth $412,566,000 after acquiring an additional 22,143 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after purchasing an additional 31,991 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after purchasing an additional 98,383 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Saia by 15.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after purchasing an additional 31,397 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Saia by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 221,165 shares of the transportation company’s stock worth $96,707,000 after buying an additional 6,342 shares during the last quarter.

Saia Stock Down 1.8 %

Shares of NASDAQ SAIA opened at $547.97 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $488.68 and a 200 day moving average price of $448.11. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 3.08 and a beta of 1.74.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period last year, the firm earned $3.67 EPS. Saia’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. TD Cowen raised their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Evercore ISI reduced their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company raised their price target on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Finally, The Goldman Sachs Group reduced their price objective on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $506.00.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

About 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.