Saia, Inc. (NASDAQ:SAIA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its holdings in Saia, Inc. (NASDAQ:SAIA) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,920 shares of the transportation company’s stock after selling 2,419 shares during the period. Thrivent Financial for Lutherans owned about 0.28% of Saia worth $35,059,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new stake in Saia in the fourth quarter valued at approximately $26,000. Blue Trust Inc. grew its holdings in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Rise Advisors LLC acquired a new stake in Saia in the first quarter valued at approximately $40,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia in the fourth quarter worth approximately $32,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Saia in the second quarter worth approximately $42,000.

Saia Price Performance

NASDAQ:SAIA opened at $436.78 on Monday. Saia, Inc. has a 52 week low of $341.26 and a 52 week high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $11.61 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.05 and a beta of 1.74. The stock’s fifty day moving average is $414.29 and its two-hundred day moving average is $460.59.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 26th. The transportation company reported $3.83 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 business had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Equities analysts expect that Saia, Inc. will post 13.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SAIA. Barclays lowered their price target on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company lifted their price target on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Raymond James lowered their price target on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Evercore ISI lifted their price target on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $479.07.

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.