Saia, Inc. (NASDAQ:SAIA) Stock Holdings Trimmed by Congress Asset Management Co.

Congress Asset Management Co. lessened its position in shares of Saia, Inc. (NASDAQ:SAIA) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 274,222 shares of the transportation company’s stock after selling 4,737 shares during the period. Congress Asset Management Co. owned about 1.03% of Saia worth $119,906,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SAIA. Diversify Wealth Management LLC boosted its holdings in shares of Saia by 13.4% in the third quarter. Diversify Wealth Management LLC now owns 1,564 shares of the transportation company’s stock worth $646,000 after buying an additional 185 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Saia by 14.0% during the third quarter. Hunter Associates Investment Management LLC now owns 6,551 shares of the transportation company’s stock worth $2,855,000 after purchasing an additional 804 shares during the period. State of Alaska Department of Revenue grew its position in Saia by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 3,085 shares of the transportation company’s stock valued at $1,348,000 after purchasing an additional 205 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Saia by 45.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company’s stock valued at $311,000 after buying an additional 225 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its position in Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after buying an additional 30 shares in the last quarter.

Saia Stock Performance

Shares of SAIA stock traded down $2.66 during trading on Thursday, reaching $488.67. 21,661 shares of the company’s stock were exchanged, compared to its average volume of 388,882. The firm’s fifty day moving average price is $426.08 and its 200-day moving average price is $433.77. Saia, Inc. has a twelve month low of $354.32 and a twelve month high of $628.34. The stock has a market capitalization of $12.99 billion, a PE ratio of 35.60, a PEG ratio of 2.21 and a beta of 1.74. The company has a quick ratio of 1.36, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm 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 company posted $3.67 EPS. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Saia, Inc. will post 13.88 EPS for the current year.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent research reports. The Goldman Sachs Group reduced their target price on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Bank of America upped their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Citigroup began coverage on Saia in a report on Wednesday, October 9th. They set a “buy” rating and a $518.00 target price on the stock. TD Cowen increased their price objective on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Finally, Wells Fargo & Company boosted their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $492.00.

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.