Algert Global LLC Sells 1,808 Shares of Saia, Inc. (NASDAQ:SAIA)

Algert Global LLC decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,205 shares of the transportation company’s stock after selling 1,808 shares during the period. Algert Global LLC owned about 0.05% of Saia worth $6,737,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Saia by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after purchasing an additional 15,605 shares during the period. Capital Research Global Investors boosted its stake in shares of Saia by 16.2% in the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after buying an additional 149,074 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Saia by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock worth $412,566,000 after acquiring an additional 22,143 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after acquiring an additional 45,155 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in Saia by 1.5% in the fourth quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company’s stock valued at $248,876,000 after acquiring an additional 8,599 shares during the period.

Saia Trading Up 0.8 %

Shares of SAIA opened at $434.62 on Monday. Saia, Inc. has a 1 year low of $341.26 and a 1 year high of $628.34. The company has a 50 day simple moving average of $409.73 and a two-hundred day simple moving average of $455.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $11.56 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.15 and a beta of 1.74.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The company had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. On average, equities analysts expect that Saia, Inc. will post 13.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on SAIA. Benchmark restated a “buy” rating and set a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. TD Cowen upped their price objective on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Raymond James lowered their target price on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Finally, Evercore ISI upped their price target on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Saia presently has an average rating of “Hold” and a consensus price target of $479.07.

About Saia

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.