Handelsbanken Fonder AB Lowers Stock Holdings in Saia, Inc. $SAIA

Handelsbanken Fonder AB lessened its holdings in Saia, Inc. (NASDAQ:SAIA) by 14.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,058 shares of the transportation company’s stock after selling 1,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Saia were worth $1,934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC boosted its stake in shares of Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after acquiring an additional 44 shares during the period. ProShare Advisors LLC raised its stake in Saia by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 45 shares during the period. Cresset Asset Management LLC lifted its holdings in Saia by 3.8% in the 1st quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company’s stock worth $443,000 after purchasing an additional 47 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Saia by 1.6% in the 2nd quarter. DAVENPORT & Co LLC now owns 3,456 shares of the transportation company’s stock worth $947,000 after purchasing an additional 54 shares during the period. Finally, Mattson Financial Services LLC boosted its stake in Saia by 17.5% in the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after purchasing an additional 57 shares during the period.

Insider Activity

In other news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This trade represents a 16.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Saia in a report on Monday. Citigroup dropped their price objective on shares of Saia from $371.00 to $365.00 and set a “buy” rating for the company in a report on Friday, October 31st. Rothschild & Co Redburn started coverage on Saia in a research report on Wednesday. They set a “neutral” rating and a $262.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and issued a $360.00 target price on shares of Saia in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.10.

Saia Price Performance

SAIA stock opened at $279.47 on Thursday. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $587.86. The firm has a market capitalization of $7.45 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 12.90 and a beta of 2.07. The company has a fifty day simple moving average of $290.53 and a two-hundred day simple moving average of $289.36. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $839.64 million for the quarter, compared to analysts’ expectations of $824.06 million. During the same period in the prior year, the company earned $3.46 EPS. The business’s revenue was down .3% compared to the same quarter last year. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.