Golden State Wealth Management LLC Buys 47 Shares of Saia, Inc. (NASDAQ:SAIA)

Golden State Wealth Management LLC raised its stake in Saia, Inc. (NASDAQ:SAIA) by 127.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84 shares of the transportation company’s stock after acquiring an additional 47 shares during the quarter. Golden State Wealth Management LLC’s holdings in Saia were worth $29,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after acquiring an additional 38 shares during the last quarter. Atala Financial Inc acquired a new stake in Saia during the 4th quarter worth approximately $36,000. Huntington National Bank boosted its position in Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after buying an additional 70 shares during the period. Tortoise Investment Management LLC boosted its position in Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after buying an additional 49 shares during the period. Finally, NBC Securities Inc. acquired a new stake in Saia during the 1st quarter worth approximately $43,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAIA. Wells Fargo & Company cut their target price on shares of Saia from $400.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Wall Street Zen upgraded shares of Saia to a “sell” rating in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Saia from a “buy” rating to a “hold” rating and set a $273.00 target price on the stock. in a research report on Thursday, May 1st. Wolfe Research upgraded shares of Saia from a “hold” rating to a “strong-buy” rating in a research report on Sunday, June 8th. Finally, Morgan Stanley set a $250.00 target price on shares of Saia in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $333.84.

Saia Stock Performance

NASDAQ:SAIA opened at $294.82 on Friday. The company has a fifty day moving average of $266.28 and a 200-day moving average of $368.06. The firm has a market capitalization of $7.85 billion, a P/E ratio of 24.59, a P/E/G ratio of 7.70 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). The company had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. Saia had a net margin of 9.91% and a return on equity of 14.21%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.38 EPS. As a group, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current 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.