Saia, Inc. (NASDAQ:SAIA) Stock Holdings Lifted by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. raised its position in Saia, Inc. (NASDAQ:SAIA) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,500 shares of the transportation company’s stock after purchasing an additional 272 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Saia were worth $2,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LVW Advisors LLC lifted its position in shares of Saia by 12.1% in the third quarter. LVW Advisors LLC now owns 1,645 shares of the transportation company’s stock worth $719,000 after buying an additional 178 shares during the last quarter. Tobam acquired a new position in Saia in the 3rd quarter valued at approximately $100,000. Fulton Bank N.A. raised its holdings in Saia by 10.6% in the 3rd quarter. Fulton Bank N.A. now owns 1,588 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 152 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Saia by 2.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,058 shares of the transportation company’s stock valued at $3,086,000 after acquiring an additional 200 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new stake in shares of Saia in the 2nd quarter valued at approximately $433,000.

Saia Trading Up 5.1 %

Saia stock opened at $463.37 on Monday. Saia, Inc. has a 52 week low of $341.26 and a 52 week high of $628.34. 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 capitalization of $12.32 billion, a P/E ratio of 32.61, a PEG ratio of 2.08 and a beta of 1.74. The stock has a 50-day simple moving average of $410.48 and a 200 day simple moving average of $445.44.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share (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%. Analysts expect that Saia, Inc. will post 13.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen increased their price target on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Barclays reduced their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group reduced their price objective on Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $492.00.

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.