Evergreen Capital Management LLC Grows Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Evergreen Capital Management LLC lifted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 21.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 763 shares of the transportation company’s stock after purchasing an additional 135 shares during the period. Evergreen Capital Management LLC’s holdings in Saia were worth $362,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Pineridge Advisors LLC bought a new position in Saia during the 4th quarter valued at approximately $26,000. Core Wealth Advisors Inc. bought a new position in shares of Saia during the fourth quarter valued at approximately $32,000. Blue Trust Inc. lifted its stake in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares during the period. Rise Advisors LLC bought a new stake in Saia in the first quarter valued at $40,000. Finally, International Assets Investment Management LLC purchased a new position in Saia during the 2nd quarter valued at $42,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. TD Cowen raised their target price on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Bank of America raised their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Barclays reduced their target price on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. BMO Capital Markets lowered their target price on Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Finally, Wells Fargo & Company lifted their price target on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $479.07.

Saia Stock Performance

SAIA stock opened at $431.28 on Friday. The stock has a market capitalization of $11.47 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 2.09 and a beta of 1.74. The stock’s 50 day simple moving average is $410.74 and its 200 day simple moving average is $458.32. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. As a group, research analysts forecast that Saia, Inc. will post 13.91 earnings per share for the current fiscal year.

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.