Axxcess Wealth Management LLC Increases Stock Position in Saia, Inc. $SAIA

Axxcess Wealth Management LLC raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 815 shares of the transportation company’s stock after buying an additional 85 shares during the period. Axxcess Wealth Management LLC’s holdings in Saia were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its position in Saia by 21.6% during the 2nd quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after buying an additional 44 shares during the period. Golden State Wealth Management LLC boosted its position 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 buying an additional 47 shares during the period. Cresset Asset Management LLC boosted its position in Saia by 3.8% during the 1st quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company’s stock valued at $443,000 after buying an additional 47 shares during the period. DAVENPORT & Co LLC boosted its position in Saia by 1.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 3,456 shares of the transportation company’s stock valued at $947,000 after buying an additional 54 shares during the period. Finally, Mattson Financial Services LLC boosted its position in Saia by 17.5% during the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after buying an additional 57 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAIA. Stephens raised their target price on shares of Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. UBS Group raised their target price on shares of Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Evercore ISI dropped their target price on shares of Saia from $345.00 to $328.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average target price of $340.28.

Saia Trading Up 0.8%

Shares of NASDAQ SAIA opened at $306.64 on Friday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The stock has a market cap of $8.17 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 14.24 and a beta of 2.00. The firm has a 50-day moving average of $303.48 and a 200 day moving average of $293.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

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, beating analysts’ consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company had revenue of $817.12 million during the quarter, compared to analysts’ expectations of $826.59 million. During the same period last year, the company posted $3.83 EPS. Saia’s revenue was down .7% on a year-over-year basis. As a group, sell-side analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal 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.