Fifth Third Wealth Advisors LLC Buys 159 Shares of Saia, Inc. (NASDAQ:SAIA)

Fifth Third Wealth Advisors LLC grew its stake in Saia, Inc. (NASDAQ:SAIA) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,110 shares of the transportation company’s stock after acquiring an additional 159 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Saia were worth $506,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Choreo LLC bought a new stake in Saia in the second quarter valued at approximately $271,000. Envestnet Asset Management Inc. increased its position in shares of Saia by 11.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 103,710 shares of the transportation company’s stock valued at $49,189,000 after buying an additional 10,473 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Saia by 15.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock worth $111,648,000 after buying an additional 31,397 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Saia by 21.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,025 shares of the transportation company’s stock worth $486,000 after acquiring an additional 182 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Saia by 18.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,506 shares of the transportation company’s stock valued at $1,582,000 after acquiring an additional 535 shares during the period.

Insiders Place Their Bets

In related news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stephens raised their price target on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group raised their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. BMO Capital Markets increased their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Finally, Citigroup cut their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $523.76.

Saia Stock Performance

SAIA opened at $493.04 on Friday. The business’s 50-day simple moving average is $508.13 and its 200 day simple moving average is $459.77. 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 firm has a market capitalization of $13.11 billion, a PE ratio of 35.22, a PEG ratio of 2.12 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (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 company had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the prior year, the company earned $3.67 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Saia, Inc. will post 13.49 earnings per share for the current fiscal year.

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.