Lifestyle Asset Management Inc. Invests $238,000 in Saia, Inc. (NASDAQ:SAIA)

Lifestyle Asset Management Inc. acquired a new stake in Saia, Inc. (NASDAQ:SAIA) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 406 shares of the transportation company’s stock, valued at approximately $238,000.

Other institutional investors also recently modified their holdings of the company. Mariner LLC raised its holdings in shares of Saia by 7.9% during the third quarter. Mariner LLC now owns 1,580 shares of the transportation company’s stock valued at $630,000 after purchasing an additional 116 shares during the period. Federated Hermes Inc. increased its holdings in shares of Saia by 5.5% during the third quarter. Federated Hermes Inc. now owns 3,411 shares of the transportation company’s stock valued at $1,360,000 after acquiring an additional 177 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Saia by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 11,660 shares of the transportation company’s stock worth $4,648,000 after purchasing an additional 60 shares during the period. Teza Capital Management LLC increased its stake in Saia by 46.6% during the 3rd quarter. Teza Capital Management LLC now owns 1,504 shares of the transportation company’s stock valued at $600,000 after purchasing an additional 478 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new position in Saia during the third quarter worth $326,000.

Analysts Set New Price Targets

SAIA has been the subject of a number of analyst reports. Benchmark lifted their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. UBS Group lowered their price objective on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. BMO Capital Markets lifted their target price on Saia from $490.00 to $500.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Wells Fargo & Company initiated coverage on Saia in a research report on Friday, June 7th. They issued an “equal weight” rating and a $445.00 price target for the company. Finally, Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and cut their price objective for the stock from $526.00 to $475.00 in a report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $498.00.

Insider Activity

In related news, Director John P. Gainor, Jr. acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $407.00 per share, with a total value of $203,500.00. Following the acquisition, the director now owns 900 shares of the company’s stock, valued at approximately $366,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Saia Stock Performance

NASDAQ:SAIA traded up $3.85 during trading hours on Wednesday, reaching $470.22. The stock had a trading volume of 165,972 shares, compared to its average volume of 368,187. Saia, Inc. has a 12-month low of $331.23 and a 12-month high of $628.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50 day simple moving average of $429.06 and a 200 day simple moving average of $489.34. The stock has a market cap of $12.50 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $2.85 EPS. On average, research analysts forecast that Saia, Inc. will post 15.31 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.