1,159 Shares in Saia, Inc. (NASDAQ:SAIA) Purchased by Atom Investors LP

Atom Investors LP purchased a new stake in Saia, Inc. (NASDAQ:SAIA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,159 shares of the transportation company’s stock, valued at approximately $507,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp grew its stake in Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after buying an additional 22 shares during the last quarter. LRI Investments LLC raised its position in Saia by 6.6% during 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 in the last quarter. CIBC Asset Management Inc lifted its position in shares of Saia by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock worth $337,000 after buying an additional 26 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in shares of Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after acquiring an additional 30 shares during the last quarter. Finally, MJP Associates Inc. ADV lifted its stake in Saia by 5.6% in the 2nd quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 35 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Susquehanna lifted their price target on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Wells Fargo & Company lifted their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. TD Cowen increased their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Jefferies Financial Group lifted their price target on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Bank of America boosted 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $506.00.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Saia Price Performance

SAIA opened at $547.97 on Wednesday. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 3.08 and a beta of 1.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $488.68 and a 200-day moving average price of $448.11. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.67 earnings per share. Equities analysts expect that Saia, Inc. will post 13.54 EPS for the current year.

Saia Company 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.