SG Americas Securities LLC Trims Stock Position in Saia, Inc. (NASDAQ:SAIA)

SG Americas Securities LLC lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 83.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 764 shares of the transportation company’s stock after selling 3,992 shares during the period. SG Americas Securities LLC’s holdings in Saia were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased 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 buying an additional 42 shares in the last quarter. Quarry LP purchased a new position in Saia in the second quarter valued at $41,000. International Assets Investment Management LLC purchased a new position in Saia in the second quarter valued at $42,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after buying an additional 83 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Saia by 56.2% during the second quarter. GAMMA Investing LLC now owns 139 shares of the transportation company’s stock worth $66,000 after purchasing an additional 50 shares in the last quarter.

Saia Trading Down 2.2 %

Shares of Saia stock opened at $436.69 on Friday. The company has a fifty day simple moving average of $417.53 and a 200-day simple moving average of $441.80. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34. 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 stock has a market cap of $11.61 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.17 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. On average, equities analysts forecast that Saia, Inc. will post 13.99 EPS for the current fiscal year.

Analyst Ratings Changes

SAIA has been the subject of a number of research reports. TD Cowen boosted their target price on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Citigroup initiated coverage on shares of Saia in a research note on Wednesday, October 9th. They set a “buy” rating and a $518.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. boosted their price target on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Susquehanna boosted their price target on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Saia currently has an average rating of “Moderate Buy” and an average target price of $492.00.

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.