Saia, Inc. $SAIA Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 18.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,026 shares of the transportation company’s stock after acquiring an additional 159 shares during the quarter. Inspire Investing LLC’s holdings in Saia were worth $281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in 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 purchasing an additional 47 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Saia by 52.9% during the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after buying an additional 72 shares during the last quarter. Mattson Financial Services LLC grew its position in shares of Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after buying an additional 57 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Saia during the first quarter worth approximately $135,000. Finally, GAMMA Investing LLC increased its stake in shares of Saia by 20.2% in the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock worth $154,000 after buying an additional 74 shares during the last quarter.

Saia Trading Up 0.8%

Shares of NASDAQ SAIA opened at $306.64 on Friday. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 14.13 and a beta of 2.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $303.48 and its 200 day simple moving average is $294.48.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Susquehanna upgraded shares of Saia from a “neutral” rating to a “positive” rating and increased their price objective for the company from $340.00 to $360.00 in a research note on Wednesday, September 10th. Citigroup reduced their price target on shares of Saia from $373.00 to $371.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James Financial lowered their price objective on Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and an average target price of $340.28.

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.