Saia, Inc. (NASDAQ:SAIA) Stock Position Increased by LVW Advisors LLC

LVW Advisors LLC boosted its position in Saia, Inc. (NASDAQ:SAIA) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,645 shares of the transportation company’s stock after purchasing an additional 178 shares during the quarter. LVW Advisors LLC’s holdings in Saia were worth $719,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Saia by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after purchasing an additional 15,605 shares during the last quarter. Capital Research Global Investors lifted its position in Saia by 16.2% in the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Saia by 2.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after purchasing an additional 22,143 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Saia by 6.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after purchasing an additional 45,155 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Saia by 15.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after purchasing an additional 31,397 shares during the last quarter.

Saia Stock Performance

SAIA stock opened at $463.37 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $12.32 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.11 and a beta of 1.74. The firm has a 50 day simple moving average of $410.48 and a 200 day simple moving average of $447.36. Saia, Inc. has a 52 week low of $341.26 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. Research analysts anticipate that Saia, Inc. will post 13.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on SAIA. Citigroup began coverage on shares of Saia in a research note on Wednesday. They set a “buy” rating and a $518.00 target price on the stock. TD Cowen raised their target price on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Wells Fargo & Company raised their target price on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on shares of Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average target price of $492.00.

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.