Live Oak Investment Partners Sells 99 Shares of Saia, Inc. (NASDAQ:SAIA)

Live Oak Investment Partners reduced its position in Saia, Inc. (NASDAQ:SAIA) by 33.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 201 shares of the transportation company’s stock after selling 99 shares during the period. Live Oak Investment Partners’ holdings in Saia were worth $88,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Quarry LP bought a new position in Saia in the second quarter worth about $41,000. International Assets Investment Management LLC bought a new position in Saia in the second quarter worth about $42,000. Paladin Wealth LLC bought a new position in Saia in the third quarter worth about $40,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after purchasing an additional 83 shares in the last quarter.

Saia Trading Down 2.2 %

Saia stock opened at $545.73 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The stock’s 50 day simple moving average is $453.48 and its two-hundred day simple moving average is $433.25. The firm has a market cap of $14.51 billion, a PE ratio of 38.98, a P/E/G ratio of 3.22 and a beta of 1.73.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter in the prior year, the company posted $3.67 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Susquehanna boosted their target price on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Evercore ISI cut their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and cut their price objective for the company from $440.00 to $437.00 in a report on Monday, October 21st. Wolfe Research upgraded shares of 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, BMO Capital Markets upped their price objective on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $499.82.

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.