Congress Asset Management Co. Sells 4,737 Shares of Saia, Inc. (NASDAQ:SAIA)

Congress Asset Management Co. lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 274,222 shares of the transportation company’s stock after selling 4,737 shares during the quarter. Congress Asset Management Co.’s holdings in Saia were worth $119,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SAIA. Fifth Third Bancorp raised its position in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after buying an additional 22 shares in the last quarter. LRI Investments LLC raised its stake in Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock worth $183,000 after acquiring an additional 24 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Saia by 3.9% in the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after purchasing an additional 27 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Saia by 1.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock worth $1,742,000 after purchasing an additional 30 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its stake in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 30 shares during the period.

Saia Price Performance

NASDAQ SAIA traded down $2.66 on Thursday, hitting $488.67. The company had a trading volume of 21,661 shares, compared to its average volume of 388,882. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. The company 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. Saia, Inc. has a 12-month low of $354.32 and a 12-month high of $628.34. The company’s fifty day moving average price is $426.08 and its 200-day moving average price is $433.77.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company 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 firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.67 EPS. As a group, analysts predict that Saia, Inc. will post 13.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SAIA. Benchmark restated a “buy” rating and set a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Susquehanna increased their target price on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Citigroup initiated coverage on Saia in a report on Wednesday, October 9th. They issued a “buy” rating and a $518.00 price target for the company. Finally, BMO Capital Markets upped their target price on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $492.00.

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.