Saia, Inc. (NASDAQ:SAIA) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 21.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,807 shares of the transportation company’s stock after purchasing an additional 5,426 shares during the quarter. LPL Financial LLC owned approximately 0.12% of Saia worth $10,765,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in shares of Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Saia during the 1st quarter valued at about $43,000. Group One Trading LLC boosted its position in shares of Saia by 114.4% during the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 1,934 shares during the last quarter. Covestor Ltd boosted its position in shares of Saia by 30.3% during the 4th quarter. Covestor Ltd now owns 271 shares of the transportation company’s stock valued at $124,000 after acquiring an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Saia by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 74 shares during the last quarter.

Saia Stock Down 0.2%

Shares of NASDAQ:SAIA opened at $283.72 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $7.56 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 13.11 and a beta of 1.99. The firm’s 50-day moving average is $283.97 and its two-hundred day moving average is $336.71. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. The company 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 business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.83 earnings per share. Analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

SAIA has been the topic of several recent research reports. Citigroup reissued a “buy” rating and set a $393.00 price target (up previously from $350.00) on shares of Saia in a research report on Monday, July 28th. UBS Group lowered their price target on shares of Saia from $422.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. boosted their price target on shares of Saia from $295.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Morgan Stanley set a $250.00 price objective on shares of Saia in a report on Friday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Saia from $290.00 to $365.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $347.16.

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.