Harbor Capital Advisors Inc. Lowers Holdings in Saia, Inc. (NASDAQ:SAIA)

Harbor Capital Advisors Inc. reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,826 shares of the transportation company’s stock after selling 458 shares during the period. Harbor Capital Advisors Inc.’s holdings in Saia were worth $4,478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Saia in the second quarter valued at $41,000. Paladin Wealth LLC purchased a new position in shares of Saia in the 3rd quarter valued at about $40,000. Tobam acquired a new position in shares of Saia during the third quarter worth about $100,000. Blue Trust Inc. increased its stake in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after buying an additional 217 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after buying an additional 219 shares during the period.

Saia Stock Up 0.5 %

Shares of NASDAQ SAIA opened at $450.66 on Friday. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The firm has a 50-day moving average price of $512.51 and a 200 day moving average price of $459.56. 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 announced its quarterly 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 return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period last year, the firm earned $3.67 EPS. Saia’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Saia, Inc. will post 13.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on SAIA shares. Benchmark reiterated a “buy” rating and set a $480.00 price target on shares of Saia in a report on Thursday, September 19th. Citigroup cut their price target on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $440.00 to $437.00 in a research report on Monday, October 21st. Susquehanna reissued a “neutral” rating and set a $530.00 target price (down previously from $565.00) on shares of Saia in a research report on Tuesday. Finally, Barclays upped their price target on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $515.18.

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.