Harel Insurance Investments & Financial Services Ltd. Decreases Stock Position in Saia, Inc. (NASDAQ:SAIA)

Harel Insurance Investments & Financial Services Ltd. reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216 shares of the transportation company’s stock after selling 50 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Saia were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Oddo BHF Asset Management Sas purchased a new stake in Saia in the 3rd quarter valued at approximately $1,408,000. MML Investors Services LLC lifted its position in shares of Saia by 89.8% in the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after acquiring an additional 2,041 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its stake in shares of Saia by 2.8% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock valued at $27,285,000 after acquiring an additional 1,644 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Saia during the 3rd quarter worth about $22,979,000. Finally, BNP Paribas Financial Markets raised its stake in Saia by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after purchasing an additional 1,411 shares during the last quarter.

Saia Stock Down 1.4 %

Shares of NASDAQ:SAIA opened at $494.30 on Friday. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. The company has a 50 day moving average of $502.54 and a two-hundred day moving average of $461.10. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the business posted $3.67 earnings per share. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Saia, Inc. will post 13.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAIA has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday. Stephens lifted their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Citigroup lowered their target price on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $527.65.

Insider Activity

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

About Saia

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.