B. Metzler seel. Sohn & Co. Holding AG Buys New Stake in Saia, Inc. (NASDAQ:SAIA)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Saia, Inc. (NASDAQ:SAIA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,141 shares of the transportation company’s stock, valued at approximately $7,058,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.06% of Saia at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathstone Holdings LLC increased its position in shares of Saia by 3.8% during the third quarter. Pathstone Holdings LLC now owns 9,390 shares of the transportation company’s stock worth $4,106,000 after purchasing an additional 345 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Saia by 7.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 79,578 shares of the transportation company’s stock worth $34,796,000 after buying an additional 5,658 shares during the last quarter. RiverPark Advisors LLC increased its position in Saia by 10.5% during the third quarter. RiverPark Advisors LLC now owns 1,218 shares of the transportation company’s stock worth $533,000 after buying an additional 116 shares during the period. CIBC Asset Management Inc lifted its stake in Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Saia by 24.4% in the third quarter. OneDigital Investment Advisors LLC now owns 1,011 shares of the transportation company’s stock valued at $442,000 after acquiring an additional 198 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 10th. BMO Capital Markets boosted their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. TD Cowen boosted their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Evercore ISI dropped their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Finally, Susquehanna boosted their price target on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

Saia Trading Down 0.4 %

NASDAQ:SAIA opened at $515.88 on Wednesday. The firm has a market capitalization of $13.72 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 2.88 and a beta of 1.73. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The business’s 50-day moving average is $465.31 and its two-hundred day moving average is $437.63. 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 posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $839.82 million. During the same period in the previous year, the firm posted $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts predict that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

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.