362 Shares in Saia, Inc. (NASDAQ:SAIA) Acquired by LRI Investments LLC

LRI Investments LLC acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 362 shares of the transportation company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC acquired a new position in Saia in the 4th quarter valued at $26,000. Core Wealth Advisors Inc. acquired a new position in Saia in the 4th quarter valued at $32,000. Rise Advisors LLC acquired a new position in Saia in the 1st quarter valued at $40,000. GAMMA Investing LLC acquired a new position in Saia in the 4th quarter valued at $43,000. Finally, National Bank of Canada FI acquired a new position in Saia in the 4th quarter valued at $44,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SAIA shares. Bank of America lifted their price objective on Saia from $501.00 to $555.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and lowered their price target for the stock from $526.00 to $475.00 in a report on Friday, May 24th. TD Cowen boosted their price target on Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a report on Thursday, June 6th. UBS Group lowered their price target on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Susquehanna lowered their price target on Saia from $610.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Saia presently has an average rating of “Hold” and a consensus price target of $502.18.

Saia Trading Down 18.9 %

Shares of NASDAQ SAIA traded down $92.68 during trading on Friday, reaching $396.43. The company had a trading volume of 2,672,005 shares, compared to its average volume of 432,953. The company’s fifty day moving average price is $447.36 and its 200-day moving average price is $492.69. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34. The stock has a market cap of $10.54 billion, a P/E ratio of 28.73, a PEG ratio of 1.41 and a beta of 1.72. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last announced its 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). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. As a group, research analysts expect that Saia, Inc. will post 15.32 earnings per share for the current year.

Insider Activity at Saia

In other Saia news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now directly owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by corporate insiders.

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.