Saia, Inc. $SAIA Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its position in Saia, Inc. (NASDAQ:SAIA) by 64.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,823 shares of the transportation company’s stock after selling 6,966 shares during the period. Harbor Capital Advisors Inc.’s holdings in Saia were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Saia in the second quarter worth about $41,000. Blue Trust Inc. boosted its position in 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 acquiring an additional 72 shares during the last quarter. CWM LLC grew its stake in Saia by 21.6% during the 2nd quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 44 shares in the last quarter. Finally, Mattson Financial Services LLC raised its holdings in Saia by 17.5% in the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 57 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group boosted their target price on Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Rothschild Redb raised Saia to a “hold” rating in a research note on Wednesday, November 26th. Redburn Partners set a $262.00 target price on Saia in a report on Wednesday, November 26th. Raymond James Financial reduced their price target on Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Finally, Evercore ISI lowered their price target on shares of Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.85.

Saia Price Performance

NASDAQ:SAIA opened at $331.02 on Friday. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $538.03. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $8.82 billion, a P/E ratio of 31.26 and a beta of 2.10. The stock’s fifty day moving average is $300.64 and its two-hundred day moving average is $297.54.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The business had revenue of $839.64 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $3.46 EPS. Equities analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Insider Transactions at Saia

In related news, Director Donna E. Epps purchased 422 shares of Saia stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $277.60 per share, with a total value of $117,147.20. Following the purchase, the director owned 1,852 shares of the company’s stock, valued at approximately $514,115.20. The trade was a 29.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred 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 sale, the vice president owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This trade represents a 16.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Saia Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.