Charles Schwab Investment Management Inc. Buys 6,342 Shares of Saia, Inc. (NASDAQ:SAIA)

Charles Schwab Investment Management Inc. raised its stake in Saia, Inc. (NASDAQ:SAIA) by 3.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 221,165 shares of the transportation company’s stock after purchasing an additional 6,342 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.83% of Saia worth $96,707,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after purchasing an additional 22 shares during the last quarter. LRI Investments LLC grew its position in shares of Saia by 6.6% in the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock worth $183,000 after buying an additional 24 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Saia by 3.5% during 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 period. EverSource Wealth Advisors LLC raised its holdings in shares of Saia by 3.9% during the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after acquiring an additional 27 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after acquiring an additional 30 shares during the period.

Saia Trading Up 1.6 %

Shares of NASDAQ SAIA opened at $565.96 on Wednesday. The firm’s 50 day moving average price is $474.70 and its 200-day moving average price is $441.53. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $15.05 billion, a PE ratio of 40.43, a P/E/G ratio of 2.99 and a beta of 1.73.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $3.67 earnings per share. On average, equities research analysts expect that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAIA. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a report on Wednesday, October 9th. The Goldman Sachs Group lowered their price objective on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Citigroup upped their target price on Saia from $534.00 to $651.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. TD Cowen raised their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Finally, Barclays upped their price target on Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

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.