Icon Wealth Advisors LLC Reduces Position in Saia, Inc. (NASDAQ:SAIA)

Icon Wealth Advisors LLC decreased its position in Saia, Inc. (NASDAQ:SAIA) by 46.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 541 shares of the transportation company’s stock after selling 472 shares during the period. Icon Wealth Advisors LLC’s holdings in Saia were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Paladin Wealth LLC purchased a new position in Saia during the 3rd quarter worth approximately $40,000. Quarry LP acquired a new stake in Saia during the 2nd quarter valued at approximately $41,000. International Assets Investment Management LLC purchased a new stake in shares of Saia in the 2nd quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of 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 acquiring an additional 83 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SAIA shares. Citigroup boosted their target price on shares of Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Bank of America upped their target price on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Wells Fargo & Company lifted their price target on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Benchmark restated a “buy” rating and issued a $480.00 price objective on shares of Saia in a research report on Thursday, September 19th. Finally, Evercore ISI cut their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average price target of $506.00.

Saia Price Performance

Shares of NASDAQ SAIA opened at $541.69 on Friday. The firm has a 50-day simple moving average of $472.25 and a 200-day simple moving average of $440.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.73. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34.

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