Rehmann Capital Advisory Group Purchases New Position in Saia, Inc. (NASDAQ:SAIA)

Rehmann Capital Advisory Group acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 481 shares of the transportation company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Saia during the 3rd quarter worth $22,979,000. BNP Paribas Financial Markets boosted its holdings in Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock worth $1,617,000 after purchasing an additional 1,411 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after buying an additional 31,991 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Saia during the third quarter valued at about $7,058,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Saia in the third quarter worth about $437,000.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $528.65 on Friday. The firm has a market capitalization of $14.06 billion, a PE ratio of 37.76, a PEG ratio of 2.92 and a beta of 1.74. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The business’s 50 day moving average is $503.01 and its 200-day moving average is $454.75.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results 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). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the firm earned $3.67 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Saia, Inc. will post 13.52 earnings per share for the current year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

SAIA has been the topic of a number of analyst reports. Evercore ISI lowered their price objective on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and lowered their price target for the company from $440.00 to $437.00 in a report on Monday, October 21st. TD Cowen boosted their price objective 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. Benchmark reiterated a “buy” rating and issued a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. Finally, Wells Fargo & Company boosted their target price on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.88.

About 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.