Saia, Inc. (NASDAQ:SAIA) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC decreased its position in Saia, Inc. (NASDAQ:SAIA) by 27.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,212 shares of the transportation company’s stock after selling 41,648 shares during the period. Lord Abbett & CO. LLC owned approximately 0.41% of Saia worth $47,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Paladin Wealth LLC purchased a new position in Saia during the 3rd quarter worth approximately $40,000. Quarry LP acquired a new stake in Saia during the 2nd quarter valued at approximately $41,000. International Assets Investment Management LLC acquired a new stake in Saia during the 2nd quarter valued at approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 83 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a report on Wednesday, October 9th. Jefferies Financial Group raised their target price on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen boosted their price target on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Finally, Evercore ISI dropped their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and an average target price of $514.88.

Insider Buying and Selling

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Saia Trading Up 0.9 %

Shares of SAIA opened at $528.65 on Friday. The stock has a market cap of $14.06 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.92 and a beta of 1.74. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The firm’s fifty day moving average is $503.01 and its two-hundred day moving average is $455.16. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter in the previous year, the company earned $3.67 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts forecast that Saia, Inc. will post 13.52 earnings per share for the current fiscal 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.