Blue Trust Inc. Has $57,000 Position in Saia, Inc. $SAIA

Blue Trust Inc. raised its position in Saia, Inc. (NASDAQ:SAIA) by 52.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208 shares of the transportation company’s stock after acquiring an additional 72 shares during the quarter. Blue Trust Inc.’s holdings in Saia were worth $57,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SAIA. GAMMA Investing LLC lifted its stake in Saia by 20.2% in the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 74 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Saia by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,120 shares of the transportation company’s stock valued at $1,090,000 after purchasing an additional 85 shares during the period. Avior Wealth Management LLC raised its position in shares of Saia by 17.2% in the first quarter. Avior Wealth Management LLC now owns 1,372 shares of the transportation company’s stock valued at $479,000 after purchasing an additional 201 shares during the period. Praxis Investment Management Inc. raised its position in shares of Saia by 56.1% in the first quarter. Praxis Investment Management Inc. now owns 1,030 shares of the transportation company’s stock valued at $360,000 after purchasing an additional 370 shares during the period. Finally, Running Oak Capital LLC raised its position in shares of Saia by 28.1% in the first quarter. Running Oak Capital LLC now owns 38,760 shares of the transportation company’s stock valued at $13,544,000 after purchasing an additional 8,501 shares during the period.

Saia Price Performance

NASDAQ:SAIA opened at $306.64 on Friday. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 14.24 and a beta of 2.00. The firm’s 50-day simple moving average is $303.48 and its 200 day simple moving average is $293.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same period last year, the firm earned $3.83 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

SAIA has been the topic of several research analyst reports. Stephens increased their price objective on shares of Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Susquehanna raised shares of Saia from a “neutral” rating to a “positive” rating and increased their price objective for the company from $340.00 to $360.00 in a research report on Wednesday, September 10th. Barclays increased their price objective on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Benchmark reissued a “buy” rating and issued a $360.00 price objective on shares of Saia in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $340.28.

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.