Algert Global LLC Trims Stock Position in Saia, Inc. (NASDAQ:SAIA)

Algert Global LLC decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 68.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,515 shares of the transportation company’s stock after selling 9,690 shares during the quarter. Algert Global LLC’s holdings in Saia were worth $1,974,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC purchased a new position in shares of Saia during the 2nd quarter worth $3,012,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Saia during the third quarter valued at $7,058,000. Wolverine Asset Management LLC bought a new stake in Saia during the third quarter valued at about $437,000. Wealth Enhancement Advisory Services LLC increased its position in Saia by 54.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,657 shares of the transportation company’s stock worth $3,157,000 after buying an additional 2,347 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Saia by 162.3% in the first quarter. Tidal Investments LLC now owns 2,846 shares of the transportation company’s stock worth $1,665,000 after buying an additional 1,761 shares during the period.

Saia Stock Down 0.3 %

Shares of NASDAQ SAIA opened at $564.38 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The firm’s 50-day moving average price is $477.25 and its 200-day moving average price is $442.63. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 3.07 and a beta of 1.73.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.67 earnings per share. On average, equities research analysts anticipate that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SAIA shares. Wells Fargo & Company boosted their price objective on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. TD Cowen upped their price target 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. Bank of America raised their price objective on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Stephens upped their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and decreased their price target for the company from $440.00 to $437.00 in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $506.00.

Insiders Place Their Bets

In related 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.

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.