Tidal Investments LLC Grows Stock Position in Saia, Inc. (NASDAQ:SAIA)

Tidal Investments LLC increased its holdings in Saia, Inc. (NASDAQ:SAIA) by 20.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,282 shares of the transportation company’s stock after acquiring an additional 719 shares during the period. Tidal Investments LLC’s holdings in Saia were worth $1,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Blue Trust Inc. grew its holdings in shares of Saia by 161.5% during the 2nd 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 period. Quarry LP acquired a new position in Saia in the second quarter valued at about $41,000. International Assets Investment Management LLC acquired a new position in Saia in the second quarter valued at about $42,000. Paladin Wealth LLC purchased a new position in Saia during the third quarter worth about $40,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Saia by 754.5% during the second 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.

Saia Trading Up 1.4 %

NASDAQ SAIA opened at $536.31 on Tuesday. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The firm has a 50 day moving average of $505.24 and a two-hundred day moving average of $456.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $14.26 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 2.96 and a beta of 1.74.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $3.67 EPS. As a group, research analysts expect that Saia, Inc. will post 13.51 EPS for the current fiscal year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research analyst reports. Susquehanna increased their price objective on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Stephens upped their price target on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Bank of America lifted their price objective on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and decreased their target price for the stock from $440.00 to $437.00 in a research note on Monday, October 21st. Finally, Evercore ISI dropped their target price on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.88.

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.