Saia, Inc. (NASDAQ:SAIA) Stock Position Raised by Pitcairn Co.

Pitcairn Co. grew its position in shares of Saia, Inc. (NASDAQ:SAIA) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,476 shares of the transportation company’s stock after buying an additional 303 shares during the quarter. Pitcairn Co.’s holdings in Saia were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SAIA. Fifth Third Bancorp raised its stake in shares of Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 22 shares in the last quarter. LRI Investments LLC boosted its holdings in shares of Saia by 6.6% during 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 period. CIBC Asset Management Inc grew its stake in Saia by 3.5% in the 3rd 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. EverSource Wealth Advisors LLC grew its stake in Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after buying an additional 27 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in Saia by 4.1% in the 3rd 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 Down 1.4 %

SAIA stock opened at $541.69 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $14.40 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.99 and a beta of 1.73. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The business’s 50 day moving average is $472.25 and its 200-day moving average is $440.50.

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). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the company earned $3.67 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAIA. JPMorgan Chase & Co. raised their price target on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. BMO Capital Markets raised their target price on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and dropped their price target for the stock from $440.00 to $437.00 in a research report on Monday, October 21st. Benchmark reissued a “buy” rating and issued a $480.00 price objective on shares of Saia in a research report on Thursday, September 19th. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $506.00.

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.