Impact Capital Partners LLC Buys 313 Shares of Saia, Inc. $SAIA

Impact Capital Partners LLC grew its stake in Saia, Inc. (NASDAQ:SAIA) by 27.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,451 shares of the transportation company’s stock after acquiring an additional 313 shares during the quarter. Impact Capital Partners LLC’s holdings in Saia were worth $398,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SAIA. NBC Securities Inc. bought a new stake in Saia in the first quarter worth $43,000. Fulton Bank N.A. boosted its position in shares of Saia by 12.5% during the first quarter. Fulton Bank N.A. now owns 1,723 shares of the transportation company’s stock valued at $602,000 after buying an additional 191 shares during the last quarter. Portside Wealth Group LLC boosted its position in shares of Saia by 4.6% during the first quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company’s stock valued at $421,000 after buying an additional 53 shares during the last quarter. Thrive Wealth Management LLC boosted its position in shares of Saia by 15.0% during the first quarter. Thrive Wealth Management LLC now owns 581 shares of the transportation company’s stock valued at $203,000 after buying an additional 76 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Saia by 10.5% during the first quarter. Gateway Investment Advisers LLC now owns 2,905 shares of the transportation company’s stock valued at $1,015,000 after buying an additional 275 shares during the last quarter.

Saia Trading Down 1.8%

Saia stock opened at $293.88 on Thursday. The business has a 50-day simple moving average of $303.56 and a two-hundred day simple moving average of $299.38. The company has a market cap of $7.83 billion, a P/E ratio of 27.14, a P/E/G ratio of 13.70 and a beta of 2.00. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on SAIA. Evercore ISI dropped their price objective on Saia from $345.00 to $328.00 and set an “outperform” rating on the stock in a research report on Tuesday. Barclays increased their price objective on Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Wolfe Research raised Saia from a “hold” rating to a “strong-buy” rating in a research report on Sunday, June 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $306.00 price objective (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Finally, Wells Fargo & Company increased their price objective on Saia from $290.00 to $365.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $346.26.

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.