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

Massachusetts Financial Services Co. MA cut its holdings in Saia, Inc. (NASDAQ:SAIA) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,532 shares of the transportation company’s stock after selling 24,869 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Saia were worth $92,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Saia by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock worth $412,566,000 after purchasing an additional 22,143 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after purchasing an additional 98,383 shares during the period. Victory Capital Management Inc. boosted its holdings in Saia by 19.3% during the third quarter. Victory Capital Management Inc. now owns 188,694 shares of the transportation company’s stock worth $82,508,000 after buying an additional 30,514 shares in the last quarter. American Century Companies Inc. boosted its holdings in Saia by 347.3% during the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after buying an additional 124,117 shares in the last quarter. Finally, Sei Investments Co. grew its position in Saia by 15.5% during the second quarter. Sei Investments Co. now owns 118,645 shares of the transportation company’s stock worth $56,272,000 after buying an additional 15,882 shares during the period.

Analyst Ratings Changes

SAIA has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Stephens boosted their target price on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a research report on Wednesday, October 9th. Finally, BMO Capital Markets raised their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

Saia Trading Down 1.4 %

Shares of Saia stock opened at $541.69 on Friday. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The business’s fifty day moving average is $472.25 and its two-hundred day moving average 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 PE ratio of 38.69, a P/E/G ratio of 3.03 and a beta of 1.73.

Saia (NASDAQ:SAIA) last released its earnings results 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). The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.67 earnings per share. Analysts anticipate 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.