Blue Trust Inc. Has $57,000 Position in Saia, Inc. $SAIA

Blue Trust Inc. boosted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 52.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 208 shares of the transportation company’s stock after purchasing an additional 72 shares during the quarter. Blue Trust Inc.’s holdings in Saia were worth $57,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in Saia during the first quarter valued at approximately $303,000. Hunter Associates Investment Management LLC grew its holdings in Saia by 55.6% during the first quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company’s stock valued at $3,832,000 after purchasing an additional 3,940 shares during the period. Running Oak Capital LLC grew its holdings in Saia by 28.1% during the first quarter. Running Oak Capital LLC now owns 38,760 shares of the transportation company’s stock valued at $13,544,000 after purchasing an additional 8,501 shares during the period. Blueshift Asset Management LLC acquired a new position in Saia during the first quarter valued at approximately $483,000. Finally, Marks Group Wealth Management Inc grew its holdings in Saia by 11.5% during the first quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company’s stock valued at $7,488,000 after purchasing an additional 2,212 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAIA. Wells Fargo & Company decreased their price objective on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Raymond James Financial reduced their price target on shares of Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a report on Tuesday. Zacks Research upgraded shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Stephens upped their price target on shares of Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.28.

Saia Stock Performance

Shares of SAIA stock opened at $306.64 on Friday. The company’s fifty day simple moving average is $303.48 and its 200-day simple moving average is $293.95. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a market cap of $8.17 billion, a PE ratio of 28.31, a P/E/G ratio of 14.24 and a beta of 2.00. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. The business had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.83 earnings per share. Equities research analysts expect that Saia, Inc. will post 15.46 EPS 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.