Raymond James & Associates Has $54.89 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Raymond James & Associates raised its stake in Saia, Inc. (NASDAQ:SAIA) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,830 shares of the transportation company’s stock after acquiring an additional 3,189 shares during the period. Raymond James & Associates owned about 0.35% of Saia worth $54,891,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SAIA. Commonwealth Equity Services LLC grew its position in Saia by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 29 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Saia by 331.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company’s stock valued at $1,522,000 after acquiring an additional 2,932 shares during the period. New York State Teachers Retirement System grew its position in Saia by 3.9% in the third quarter. New York State Teachers Retirement System now owns 24,175 shares of the transportation company’s stock valued at $9,637,000 after acquiring an additional 900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Saia by 16.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,216 shares of the transportation company’s stock valued at $2,079,000 after acquiring an additional 728 shares during the period. Finally, Advisor Partners II LLC grew its position in Saia by 21.7% in the third quarter. Advisor Partners II LLC now owns 2,408 shares of the transportation company’s stock valued at $960,000 after acquiring an additional 429 shares during the period.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $5.87 during midday trading on Friday, hitting $400.08. 631,703 shares of the company’s stock were exchanged, compared to its average volume of 507,949. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12 month low of $266.91 and a 12 month high of $628.34. The company’s 50 day moving average price is $554.03 and its 200 day moving average price is $479.31. The firm has a market capitalization of $10.64 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.71.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The business had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts predict that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.

Insider Activity at Saia

In other news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Douglas L. Col sold 1,743 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the sale, the chief financial officer now directly owns 6,854 shares in the company, valued at approximately $3,680,049.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock worth $14,966,813 in the last ninety days. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SAIA shares. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and increased their target price for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. UBS Group decreased their target price on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Benchmark increased their target price on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Bank of America cut their price target on Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, Susquehanna upped their price target on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $497.22.

Saia 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.