Polar Asset Management Partners Inc. Has $1.43 Million Stake in Saia, Inc. $SAIA

Key Points

• Polar Asset Management Partners Inc. has reduced its stake in Saia, Inc. by 33.4%, selling 2,041 shares and leaving them with 4,078 shares valued at approximately $1.425 million.
• Saia's stock price increased by 5.4%, with current trading at $313.15, while the company reported $2.67 earnings per share for the last quarter, surpassing analyst estimates.
• Research analysts have mixed ratings on Saia's stock, with an average price target of $347.16 and a general consensus leaning towards a "Moderate Buy."

Polar Asset Management Partners Inc. cut its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 33.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,078 shares of the transportation company's stock after selling 2,041 shares during the period. Polar Asset Management Partners Inc.'s holdings in Saia were worth $1,425,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Saia in the 4th quarter worth about $632,000. Centiva Capital LP increased its holdings in shares of Saia by 13.8% in the 4th quarter. Centiva Capital LP now owns 1,234 shares of the transportation company's stock worth $562,000 after acquiring an additional 150 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Saia in the 4th quarter worth about $1,067,000. Focus Partners Wealth acquired a new stake in shares of Saia in the 4th quarter worth about $275,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Saia in the 4th quarter worth about $1,504,000.

Analyst Ratings Changes

Several research firms recently weighed in on SAIA. JPMorgan Chase & Co. upped their price objective on shares of Saia from $295.00 to $380.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Zacks Research upgraded shares of Saia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Jefferies Financial Group set a $335.00 target price on shares of Saia and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $306.00 target price (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $347.16.

Saia Trading Up 0.4%

Shares of Saia stock traded up $1.17 during trading on Wednesday, hitting $307.41. The stock had a trading volume of 411,994 shares, compared to its average volume of 644,001. The stock has a 50 day simple moving average of $300.02 and a 200 day simple moving average of $307.59. The company has a market capitalization of $8.19 billion, a PE ratio of 28.39, a P/E/G ratio of 14.29 and a beta of 2.00. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.28. The business had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $3.83 earnings per share. On average, research analysts expect that Saia, Inc. will post 15.46 EPS 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.