Saia, Inc. $SAIA Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd reduced its stake in Saia, Inc. (NASDAQ:SAIA) by 52.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 344 shares of the transportation company’s stock after selling 385 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Saia were worth $94,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIA. Golden State Wealth Management LLC boosted its position in shares of Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after buying an additional 47 shares during the period. Blue Trust Inc. boosted its position in shares of Saia by 52.9% during the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after buying an additional 72 shares during the period. CWM LLC boosted its position in shares of Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after buying an additional 44 shares during the period. Mattson Financial Services LLC boosted its position in shares of Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after buying an additional 57 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in shares of Saia during the first quarter worth approximately $135,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James Financial reduced their price objective on Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Stephens boosted their price objective on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Stifel Nicolaus reiterated a “hold” rating and set a $306.00 price objective (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Wells Fargo & Company reduced their price objective on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. dropped their target price on Saia from $374.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $340.28.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $290.15 on Friday. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 13.56 and a beta of 2.00. The stock’s 50 day moving average price is $303.88 and its 200 day moving average price is $293.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm had revenue of $817.12 million for the quarter, compared to analysts’ expectations of $826.59 million. During the same quarter in the previous year, the company earned $3.83 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that Saia, Inc. will post 15.46 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.