Saia, Inc. (NASDAQ:SAIA) Short Interest Down 31.9% in August

Saia, Inc. (NASDAQ:SAIA) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 1,260,000 shares, adecreaseof31.9% from the July 31st total of 1,850,000 shares. Based on an average trading volume of 663,000 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 663,000 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of Saia

Several large investors have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new stake in shares of Saia in the fourth quarter valued at approximately $632,000. Centiva Capital LP increased its holdings in shares of Saia by 13.8% in the fourth quarter. Centiva Capital LP now owns 1,234 shares of the transportation company’s stock valued at $562,000 after purchasing an additional 150 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Saia during the fourth quarter valued at $1,067,000. Focus Partners Wealth bought a new position in Saia in the fourth quarter valued at about $275,000. Finally, Graham Capital Management L.P. bought a new position in Saia in the fourth quarter valued at about $1,504,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SAIA. Bank of America lifted their price target on shares of Saia from $251.00 to $300.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Barclays upped their price target on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Evercore ISI upped their price target on shares of Saia from $297.00 to $345.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Wolfe Research upgraded shares of Saia from a “hold” rating to a “strong-buy” rating in a research report on Sunday, June 8th. Finally, The Goldman Sachs Group upgraded shares of Saia from a “neutral” rating to a “buy” rating and raised their price objective for the company from $387.00 to $410.00 in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $347.16.

Saia Trading Down 1.6%

Shares of SAIA stock opened at $308.27 on Monday. The firm’s fifty day simple moving average is $298.85 and its 200 day simple moving average is $308.26. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $8.21 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 14.34 and a beta of 2.00. Saia has a 1 year low of $229.12 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same quarter in the previous year, the firm posted $3.83 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Saia will post 15.46 EPS for the current year.

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.