Brant Point Investment Management LLC Sells 2,591 Shares of Saia, Inc. $SAIA

Brant Point Investment Management LLC decreased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,277 shares of the transportation company’s stock after selling 2,591 shares during the period. Brant Point Investment Management LLC owned 0.06% of Saia worth $4,186,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Saia by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 235,774 shares of the transportation company’s stock worth $82,387,000 after purchasing an additional 9,637 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Saia by 25.9% during the 1st quarter. Deutsche Bank AG now owns 47,205 shares of the transportation company’s stock valued at $16,495,000 after buying an additional 9,702 shares in the last quarter. Invesco Ltd. boosted its holdings in Saia by 30.3% in the 1st quarter. Invesco Ltd. now owns 227,765 shares of the transportation company’s stock worth $79,588,000 after buying an additional 52,940 shares during the period. Polen Capital Management LLC purchased a new stake in Saia in the 1st quarter worth $861,000. Finally, Nuveen LLC purchased a new stake in Saia in the 1st quarter worth $24,660,000.

Saia Price Performance

Shares of Saia stock opened at $330.91 on Monday. The firm has a market cap of $8.82 billion, a PE ratio of 31.25, a PEG ratio of 10.58 and a beta of 2.10. The stock has a 50 day moving average of $291.12 and a 200 day moving average of $290.66. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $545.12.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $824.06 million. Saia had a return on equity of 11.32% and a net margin of 8.77%.The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.46 EPS. On average, research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president owned 4,902 shares in the company, valued at $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna E. Epps acquired 422 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $277.60 per share, with a total value of $117,147.20. Following the completion of the purchase, the director directly owned 1,852 shares in the company, valued at approximately $514,115.20. This represents a 29.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SAIA shares. Susquehanna set a $350.00 price objective on Saia in a research report on Friday, October 31st. Zacks Research raised Saia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Redburn Partners set a $262.00 price target on Saia in a report on Wednesday, November 26th. Rothschild Redb raised shares of Saia to a “hold” rating in a report on Wednesday, November 26th. Finally, Raymond James Financial reduced their price objective on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $330.10.

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.