Handelsbanken Fonder AB Decreases Stock Position in Saia, Inc. $SAIA

Handelsbanken Fonder AB cut its holdings in Saia, Inc. (NASDAQ:SAIA) by 14.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of 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 valued at $1,875,000 after purchasing an additional 486 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased 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 worth $2,768,000 after buying an additional 482 shares in the last quarter. TimesSquare Capital Management LLC raised its position in 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 buying an additional 4,915 shares during the last quarter. ProShare Advisors LLC raised its position in Saia by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after buying an additional 45 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 71 shares during the period.

Insider Activity at Saia

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $360.00 price target on shares of Saia in a research note on Thursday, September 25th. Rothschild & Co Redburn began coverage on shares of Saia in a research note on Wednesday. They set a “neutral” rating and a $262.00 target price for the company. Citigroup lowered their price target on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Saia in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Saia from $360.00 to $346.00 and set an “overweight” rating for the company in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $330.10.

Saia Trading Down 0.1%

Shares of SAIA stock 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 firm has a fifty day moving average price of $290.53 and a 200-day moving average price of $289.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 12.90 and a beta of 2.07.

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

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.