Fullcircle Wealth LLC Makes New $275,000 Investment in Saia, Inc. $SAIA

Fullcircle Wealth LLC acquired a new position in Saia, Inc. (NASDAQ:SAIA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 915 shares of the transportation company’s stock, valued at approximately $275,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Hunter Associates Investment Management LLC raised its position in Saia by 71.2% in the second quarter. Hunter Associates Investment Management LLC now owns 18,879 shares of the transportation company’s stock worth $5,163,000 after acquiring an additional 7,849 shares during the period. South Dakota Investment Council raised its position in Saia by 29.4% in the second quarter. South Dakota Investment Council now owns 9,231 shares of the transportation company’s stock worth $2,529,000 after acquiring an additional 2,100 shares during the period. GHP Investment Advisors Inc. raised its position in Saia by 12.8% in the second quarter. GHP Investment Advisors Inc. now owns 8,144 shares of the transportation company’s stock worth $2,231,000 after acquiring an additional 927 shares during the period. Pier Capital LLC bought a new stake in Saia in the second quarter worth about $4,060,000. Finally, Atria Investments Inc raised its position in Saia by 6.6% in the second quarter. Atria Investments Inc now owns 7,424 shares of the transportation company’s stock worth $2,034,000 after acquiring an additional 462 shares during the period.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $288.23 on Wednesday. The company has a 50 day moving average of $301.32 and a 200 day moving average of $289.76. The stock has a market cap of $7.68 billion, a P/E ratio of 26.61, a P/E/G ratio of 12.90 and a beta of 2.00. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.53 by $0.28. The company had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. Saia’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.46 earnings per share. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

SAIA has been the topic of several research reports. Benchmark reaffirmed a “buy” rating and issued a $360.00 price objective on shares of Saia in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a research report on Wednesday, October 8th. Stephens boosted their price target on shares of Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Raymond James Financial lowered their price target on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Finally, Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $337.67.

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.