MetLife Investment Management LLC Sells 271 Shares of Saia, Inc. (NASDAQ:SAIA)

MetLife Investment Management LLC trimmed its position in Saia, Inc. (NASDAQ:SAIA) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,446 shares of the transportation company’s stock after selling 271 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Saia worth $6,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SAIA. Tidal Investments LLC boosted its holdings in Saia by 162.3% during the first quarter. Tidal Investments LLC now owns 2,846 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 1,761 shares during the last quarter. Cetera Advisors LLC bought a new stake in Saia during the 1st quarter worth about $311,000. EverSource Wealth Advisors LLC boosted its stake in shares of Saia by 3.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after buying an additional 27 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Saia by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 139 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 50 shares in the last quarter. Finally, Fulton Bank N.A. increased its position in shares of Saia by 38.3% in the second quarter. Fulton Bank N.A. now owns 1,436 shares of the transportation company’s stock valued at $681,000 after acquiring an additional 398 shares during the last quarter.

Saia Stock Up 0.8 %

Shares of SAIA opened at $569.08 on Friday. The company has a current ratio of 1.26, a quick 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 firm’s 50 day moving average is $484.51 and its 200-day moving average is $445.47. The stock has a market capitalization of $15.13 billion, a PE ratio of 40.65, a P/E/G ratio of 3.11 and a beta of 1.73.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data 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 the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $3.67 EPS. Equities research analysts forecast that Saia, Inc. will post 13.54 EPS for the current year.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of analyst reports. Barclays raised their price target on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Stephens increased their price target on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Bank of America upped their target price on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. BMO Capital Markets boosted their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group lifted their target price on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $506.00.

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.