Caitong International Asset Management Co. Ltd Reduces Position in Saia, Inc. $SAIA

Caitong International Asset Management Co. Ltd trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 52.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 344 shares of the transportation company’s stock after selling 385 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Saia were worth $94,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stephens Investment Management Group LLC increased its position in shares of Saia by 4.3% during the second quarter. Stephens Investment Management Group LLC now owns 113,791 shares of the transportation company’s stock worth $31,178,000 after acquiring an additional 4,695 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Saia by 46.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company’s stock worth $200,000 after acquiring an additional 228 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Saia by 9.7% during the second quarter. Mutual of America Capital Management LLC now owns 23,124 shares of the transportation company’s stock worth $6,336,000 after acquiring an additional 2,039 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Saia by 66.8% during the second quarter. WCM Investment Management LLC now owns 70,372 shares of the transportation company’s stock worth $19,511,000 after acquiring an additional 28,177 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its holdings in Saia by 15.8% in the second quarter. Bridges Investment Management Inc. now owns 4,725 shares of the transportation company’s stock valued at $1,295,000 after buying an additional 644 shares during the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $290.15 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $303.88 and a two-hundred day moving average of $293.51. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a market cap of $7.73 billion, a P/E ratio of 26.79, a PEG ratio of 13.56 and a beta of 2.00.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. During the same period in the previous year, the firm posted $3.83 earnings per share. Saia’s quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

SAIA has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Citigroup lowered their price objective on Saia from $373.00 to $371.00 and set a “buy” rating for the company in a report on Monday, October 13th. Stephens boosted their price objective on Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a report on Wednesday, October 8th. Finally, Benchmark reissued a “buy” rating and issued a $360.00 price objective on shares of Saia in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.28.

Saia Company 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.