William Blair Investment Management LLC lessened its position in Saia Inc (NASDAQ:SAIA) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,680 shares of the transportation company’s stock after selling 12,420 shares during the quarter. William Blair Investment Management LLC’s holdings in Saia were worth $12,590,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of Saia by 1,043.2% in the third quarter. Parallel Advisors LLC now owns 1,589 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,450 shares during the last quarter. Keybank National Association OH acquired a new stake in shares of Saia in the second quarter valued at approximately $210,000. United Capital Management of KS Inc. acquired a new stake in shares of Saia in the third quarter valued at approximately $235,000. Janus Henderson Group PLC acquired a new stake in shares of Saia in the third quarter valued at approximately $322,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Saia in the second quarter valued at approximately $347,000.
Shares of NASDAQ SAIA opened at $55.08 on Thursday. Saia Inc has a twelve month low of $53.83 and a twelve month high of $87.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.42 billion, a PE ratio of 25.15 and a beta of 0.99.
Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Wednesday, October 31st. The transportation company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. Saia had a return on equity of 14.85% and a net margin of 7.96%. The business had revenue of $425.60 million during the quarter, compared to analysts’ expectations of $417.70 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. As a group, research analysts anticipate that Saia Inc will post 3.89 EPS for the current year.
Several equities research analysts recently commented on SAIA shares. Buckingham Research cut their price target on Saia from $93.00 to $88.00 and set a “buy” rating for the company in a report on Friday, October 12th. Zacks Investment Research raised Saia from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Tuesday, November 6th. Stifel Nicolaus set a $73.00 target price on Saia and gave the stock a “hold” rating in a research note on Thursday, November 1st. ValuEngine raised Saia from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Deutsche Bank assumed coverage on Saia in a research note on Tuesday, September 4th. They set a “hold” rating and a $77.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $74.13.
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Saia Company Profile
Saia, Inc, through its wholly-owned subsidiaries, operates as a transportation company in North America. The company provides regional and interregional less-than-truckload services for shipments between 100 and 10,000 pounds; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.
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