Thrivent Financial for Lutherans Has $34.80 Million Holdings in Saia, Inc. (NASDAQ:SAIA)

Thrivent Financial for Lutherans lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,578 shares of the transportation company’s stock after purchasing an additional 5,658 shares during the quarter. Thrivent Financial for Lutherans owned 0.30% of Saia worth $34,796,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. RiverPark Advisors LLC increased its holdings in shares of Saia by 10.5% during the third quarter. RiverPark Advisors LLC now owns 1,218 shares of the transportation company’s stock worth $533,000 after purchasing an additional 116 shares during the period. CIBC Asset Management Inc increased its stake in Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 26 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in Saia by 24.4% in the third quarter. OneDigital Investment Advisors LLC now owns 1,011 shares of the transportation company’s stock valued at $442,000 after acquiring an additional 198 shares during the last quarter. KBC Group NV increased its stake in Saia by 9.6% in the third quarter. KBC Group NV now owns 740 shares of the transportation company’s stock valued at $324,000 after acquiring an additional 65 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Saia by 11.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,823 shares of the transportation company’s stock valued at $4,732,000 after acquiring an additional 1,101 shares during the last quarter.

Saia Price Performance

SAIA stock opened at $515.88 on Wednesday. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.88 and a beta of 1.73. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The company’s fifty day simple moving average is $465.31 and its 200 day simple moving average is $437.63.

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 the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.67 EPS. On average, analysts expect that Saia, Inc. will post 13.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on SAIA shares. Susquehanna lifted their price objective on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Bank of America lifted their price objective on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Citigroup lifted their price objective on shares of Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One investment 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $506.00.

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.