Thrivent Financial for Lutherans Buys 5,658 Shares of Saia, Inc. (NASDAQ:SAIA)

Thrivent Financial for Lutherans raised its stake in Saia, Inc. (NASDAQ:SAIA) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,578 shares of the transportation company’s stock after purchasing an additional 5,658 shares during the period. Thrivent Financial for Lutherans’ holdings in Saia were worth $34,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors increased its position in shares of Saia by 16.2% during the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after acquiring an additional 149,074 shares in the last quarter. American Century Companies Inc. increased its position in shares of 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 acquiring an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of Saia during the first quarter worth about $27,733,000. Finally, International Assets Investment Management LLC increased its position in shares of Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after acquiring an additional 38,827 shares in the last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $515.88 on Wednesday. The company’s fifty day moving average price is $465.31 and its 200-day moving average price is $437.63. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.88 and a beta of 1.73. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. 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 released its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS 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 business had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same period in the prior year, the business posted $3.67 EPS. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SAIA shares. The Goldman Sachs Group decreased their target price on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna upped their price objective on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. TD Cowen upped their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Finally, Jefferies Financial Group upped their price objective on shares of Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.