Massachusetts Financial Services Co. MA Cuts Stake in Saia, Inc. (NASDAQ:SAIA)

Massachusetts Financial Services Co. MA lessened its holdings in Saia, Inc. (NASDAQ:SAIA) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,532 shares of the transportation company’s stock after selling 24,869 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.79% of Saia worth $92,057,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its position in Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after buying an additional 98,383 shares during the period. International Assets Investment Management LLC raised its holdings in Saia by 43,625.8% in the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Saia by 67.2% in the second quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company’s stock valued at $37,603,000 after acquiring an additional 31,876 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Saia by 19.3% during the 3rd quarter. Victory Capital Management Inc. now owns 188,694 shares of the transportation company’s stock worth $82,508,000 after acquiring an additional 30,514 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SAIA. The Goldman Sachs Group reduced their price objective on shares of Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Stephens raised their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Susquehanna increased their price objective on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Jefferies Financial Group boosted their target price on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $506.00.

Saia Stock Performance

NASDAQ SAIA opened at $541.69 on Friday. The business’s 50-day moving average price is $472.25 and its 200 day moving average price is $440.07. 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 firm has a market cap of $14.40 billion, a P/E ratio of 38.69, a P/E/G ratio of 3.03 and a beta of 1.73. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the firm posted $3.67 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Saia, Inc. will post 13.54 earnings per share for the current 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.