Saia, Inc. (NASDAQ:SAIA) Shares Sold by Cwm LLC

Cwm LLC lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 25.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 227 shares of the transportation company’s stock after selling 79 shares during the quarter. Cwm LLC’s holdings in Saia were worth $99,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp lifted its position in shares of Saia by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after purchasing an additional 22 shares during the last quarter. LRI Investments LLC increased its holdings in shares of Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 24 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Saia by 3.9% in the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after acquiring an additional 27 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Saia by 1.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after buying an additional 30 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its holdings in Saia by 5.6% during the second quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company’s stock worth $313,000 after acquiring an additional 35 shares during the period.

Saia Stock Up 11.4 %

Shares of Saia stock opened at $461.65 on Friday. The business’s fifty day moving average price is $422.43 and its two-hundred day moving average price is $437.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $12.27 billion, a P/E ratio of 33.45, a PEG ratio of 2.05 and a beta of 1.74. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.67 EPS. As a group, research analysts forecast that Saia, Inc. will post 13.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group decreased their target price on Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Citigroup started coverage on Saia in a report on Wednesday, October 9th. They issued a “buy” rating and a $518.00 price objective on the stock. Bank of America raised their price objective on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Evercore ISI dropped their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Barclays dropped their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $489.63.

Saia 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.