Handelsbanken Fonder AB Boosts Stake in Saia, Inc. (NASDAQ:SAIA)

Handelsbanken Fonder AB grew its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,058 shares of the transportation company’s stock after acquiring an additional 200 shares during the period. Handelsbanken Fonder AB’s holdings in Saia were worth $3,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pineridge Advisors LLC acquired a new stake in Saia during the 4th quarter valued at approximately $26,000. Blue Trust Inc. boosted its stake in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Saia during the first quarter worth approximately $40,000. Quarry LP bought a new stake in shares of Saia in the second quarter worth $41,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Saia in the second quarter worth $42,000.

Analyst Upgrades and Downgrades

SAIA has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. 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 report on Thursday, September 5th. JPMorgan Chase & Co. upped 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. Barclays decreased their target price on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Finally, Raymond James dropped their price target on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $488.43.

Saia Stock Performance

SAIA opened at $436.81 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $407.36 and its 200-day moving average is $448.27. The stock has a market cap of $11.61 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.74. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34.

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). The business had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, analysts predict that Saia, Inc. will post 13.91 earnings per share for the current year.

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.