Lisanti Capital Growth LLC Buys New Stake in Saia, Inc. (NASDAQ:SAIA)

Lisanti Capital Growth LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,765 shares of the transportation company’s stock, valued at approximately $2,521,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Quarry LP purchased a new position in shares of Saia during the second quarter worth about $41,000. International Assets Investment Management LLC purchased a new position in shares of Saia during the second quarter worth about $42,000. Paladin Wealth LLC purchased a new position in shares of Saia during the third quarter worth about $40,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after purchasing an additional 83 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIA. JPMorgan Chase & Co. raised their price objective on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. BMO Capital Markets increased their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Stephens increased their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, Barclays decreased their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $492.00.

Saia Stock Down 0.0 %

Shares of Saia stock opened at $544.89 on Monday. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $14.49 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.73. The stock’s fifty day moving average is $446.53 and its 200-day moving average is $432.32.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter last year, the firm earned $3.67 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Saia, Inc. will post 13.54 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.