Saia, Inc. (NASDAQ:SAIA) Shares Acquired by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 15.5% in the third quarter, HoldingsChannel reports. The firm owned 671 shares of the transportation company’s stock after purchasing an additional 90 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Saia were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Paladin Wealth LLC acquired a new position in Saia during the 3rd quarter valued at about $40,000. Quarry LP bought a new stake in shares of Saia during the second quarter valued at approximately $41,000. International Assets Investment Management LLC acquired a new position in shares of Saia during the second quarter worth approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after buying an additional 83 shares in the last quarter.

Saia Trading Down 4.0 %

Shares of NASDAQ SAIA opened at $545.09 on Friday. The company has a quick ratio of 1.26, a current 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 company has a market cap of $14.49 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 2.80 and a beta of 1.73. The business has a fifty day simple moving average of $443.15 and a 200-day simple moving average of $433.62.

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. 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 research note on Thursday, October 3rd. Bank of America increased their target price on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Barclays dropped their price target on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Finally, Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a report on Wednesday, October 9th. 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 stock. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average price target 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.