Rhumbline Advisers Sells 4,703 Shares of Saia, Inc. $SAIA

Rhumbline Advisers lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,062 shares of the transportation company’s stock after selling 4,703 shares during the quarter. Rhumbline Advisers owned about 0.26% of Saia worth $19,196,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AXQ Capital LP boosted its holdings in Saia by 137.6% in the second quarter. AXQ Capital LP now owns 2,084 shares of the transportation company’s stock worth $571,000 after purchasing an additional 1,207 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in shares of Saia by 26.0% during the 2nd quarter. Journey Strategic Wealth LLC now owns 1,172 shares of the transportation company’s stock valued at $321,000 after buying an additional 242 shares during the period. Entropy Technologies LP purchased a new position in shares of Saia in the 2nd quarter worth $339,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Saia by 7.6% in 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 acquiring an additional 486 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its position in Saia by 5.0% during the second 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 during the last quarter.

Insider Activity

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

Saia Stock Up 0.9%

SAIA opened at $282.01 on Friday. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 12.90 and a beta of 2.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s fifty day moving average is $289.26 and its 200 day moving average is $289.22. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $587.86.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The business had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.Saia’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.46 EPS. On average, sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus decreased their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research report on Tuesday, October 28th. Susquehanna set a $350.00 price objective on shares of Saia in a research report on Friday, October 31st. JPMorgan Chase & Co. reduced their price objective on Saia from $360.00 to $346.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Saia in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Saia currently has an average rating of “Moderate Buy” and a consensus price target of $330.10.

Saia 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.