Thornburg Investment Management Inc. Sells 1,006 Shares of Saia, Inc. $SAIA

Thornburg Investment Management Inc. decreased its position in Saia, Inc. (NASDAQ:SAIA) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,655 shares of the transportation company’s stock after selling 1,006 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Saia were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Inspire Investing LLC purchased a new position in shares of Saia in the 1st quarter worth $303,000. Blueshift Asset Management LLC bought a new position in shares of Saia in the 1st quarter valued at about $483,000. New Age Alpha Advisors LLC purchased a new position in Saia in the first quarter worth about $1,882,000. ZWJ Investment Counsel Inc. increased its stake in Saia by 87.1% during the second quarter. ZWJ Investment Counsel Inc. now owns 118,420 shares of the transportation company’s stock worth $32,446,000 after acquiring an additional 55,129 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Saia by 473.6% in the 1st quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock valued at $4,105,000 after purchasing an additional 9,699 shares during the last quarter.

Saia Stock Down 0.1%

Saia stock opened at $279.47 on Thursday. The business’s 50-day simple moving average is $290.53 and its two-hundred day simple moving average is $289.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $7.45 billion, a PE ratio of 25.81, a PEG ratio of 12.90 and a beta of 2.07. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $587.86.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.Saia’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.46 earnings per share. Equities analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating for the company in a research note on Tuesday, October 28th. Evercore ISI lowered their price target on Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Wells Fargo & Company decreased their target price on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Rothschild Redb raised shares of Saia to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $330.10.

Insider Activity at Saia

In related news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the sale, the vice president directly owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

Saia Company 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.