Jacobs Levy Equity Management Inc. Sells 11,584 Shares of Saia, Inc. (NASDAQ:SAIA)

Jacobs Levy Equity Management Inc. decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 51,426 shares of the transportation company’s stock after selling 11,584 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.19% of Saia worth $22,487,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in Saia during the first quarter worth approximately $311,000. GAMMA Investing LLC boosted its stake in Saia by 56.2% in the second quarter. GAMMA Investing LLC now owns 139 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 50 shares during the last quarter. OLD National Bancorp IN bought a new stake in Saia during the 2nd quarter worth approximately $392,000. SG Americas Securities LLC grew its holdings in shares of Saia by 388.8% during the 2nd quarter. SG Americas Securities LLC now owns 4,756 shares of the transportation company’s stock valued at $2,256,000 after purchasing an additional 3,783 shares during the last quarter. Finally, Gateway Investment Advisers LLC purchased a new stake in Saia during the 2nd quarter valued at $3,012,000.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SAIA. TD Cowen raised their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Bank of America lifted their target price on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Citigroup cut their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. Finally, BMO Capital Markets increased their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $505.59.

Saia Price Performance

Shares of NASDAQ SAIA opened at $542.36 on Thursday. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 3.08 and a beta of 1.74. The business has a 50-day moving average of $490.52 and a 200-day moving average of $448.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share 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 company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the company posted $3.67 EPS. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Saia, Inc. will post 13.54 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.