SG Americas Securities LLC Has $552,000 Stock Position in Saia, Inc. $SAIA

SG Americas Securities LLC reduced its holdings in Saia, Inc. (NASDAQ:SAIA) by 31.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,016 shares of the transportation company’s stock after selling 905 shares during the quarter. SG Americas Securities LLC’s holdings in Saia were worth $552,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Saia by 7.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,843 shares of the transportation company’s stock worth $1,875,000 after buying an additional 486 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in Saia by 5.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,104 shares of the transportation company’s stock valued at $2,768,000 after acquiring an additional 482 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Saia by 4.2% in the 2nd quarter. TimesSquare Capital Management LLC now owns 121,315 shares of the transportation company’s stock worth $33,239,000 after acquiring an additional 4,915 shares during the period. ProShare Advisors LLC grew its holdings in shares of Saia by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after purchasing an additional 45 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 71 shares during the period.

Saia Trading Down 0.1%

Shares of NASDAQ SAIA opened at $279.47 on Thursday. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $587.86. The company has a 50-day moving average of $290.53 and a two-hundred day moving average of $289.36. The company has a market cap of $7.45 billion, a PE ratio of 25.81, a P/E/G ratio of 12.90 and a beta of 2.07. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The company had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.46 earnings per share. As a group, equities analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

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

Analyst Ratings Changes

SAIA has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Raymond James Financial decreased their target price on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Benchmark reissued a “buy” rating and issued a $360.00 target price on shares of Saia in a research note on Thursday, September 25th. Evercore ISI cut their price target on shares of Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Rothschild & Co Redburn initiated coverage on Saia in a report on Wednesday. They set a “neutral” rating and a $262.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $330.10.

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.