Saia, Inc. (NASDAQ:SAIA) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Saia, Inc. (NASDAQ:SAIA) by 966.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,921 shares of the transportation company’s stock after buying an additional 2,647 shares during the quarter. SG Americas Securities LLC’s holdings in Saia were worth $1,021,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after purchasing an additional 26 shares during the period. Core Wealth Advisors Inc. boosted its position in shares of Saia by 3.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock worth $319,000 after buying an additional 26 shares during the period. Arizona State Retirement System boosted its position in shares of Saia by 0.4% in the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after buying an additional 29 shares during the period. Heritage Family Offices LLP grew its holdings in shares of Saia by 4.1% during the first quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company’s stock valued at $259,000 after buying an additional 29 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock valued at $309,000 after buying an additional 30 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAIA. Bank of America raised their price objective on Saia from $251.00 to $300.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research report on Monday, April 28th. Morgan Stanley set a $250.00 price objective on shares of Saia in a research note on Friday, April 25th. Wall Street Zen raised shares of Saia to a “sell” rating in a research note on Tuesday, May 13th. Finally, Wolfe Research raised shares of Saia from a “hold” rating to a “strong-buy” rating in a research note on Sunday, June 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $333.84.

Saia Stock Down 1.3%

Shares of SAIA opened at $262.23 on Wednesday. The company has a 50-day simple moving average of $281.88 and a 200-day simple moving average of $388.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $6.98 billion, a P/E ratio of 21.87, a P/E/G ratio of 6.91 and a beta of 2.00. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same period in the previous year, the business posted $3.38 earnings per share. Saia’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current 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.