Wellington Management Group LLP reduced its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,970 shares of the transportation company's stock after selling 21,216 shares during the quarter. Wellington Management Group LLP owned 0.65% of Saia worth $75,633,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Saia during the 3rd quarter valued at $22,979,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Saia during the 3rd quarter valued at $7,058,000. Westfield Capital Management Co. LP raised its stake in Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock valued at $132,744,000 after purchasing an additional 31,991 shares during the period. Wolverine Asset Management LLC acquired a new stake in Saia during the 3rd quarter valued at $437,000. Finally, BNP Paribas Financial Markets raised its stake in Saia by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company's stock valued at $1,617,000 after purchasing an additional 1,411 shares during the period.
SAIA stock opened at $522.97 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a 50-day moving average of $497.22 and a two-hundred day moving average of $452.89. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 2.89 and a beta of 1.74.
Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter last year, the company earned $3.67 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Saia, Inc. will post 13.53 EPS for the current year.
In related news, EVP Rohit Lal sold 1,120 shares of the 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 completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.
A number of research firms have recently weighed in on SAIA. Susquehanna upped their price target on shares of Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research note on Wednesday, September 18th. Stephens upped their price target on shares of Saia from $481.00 to $515.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Wolfe Research raised shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. Bank of America upped their price target on shares of Saia from $443.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Finally, Jefferies Financial Group upped their price target 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $510.59.
View Our Latest Stock Analysis on 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.
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