Sequoia Financial Advisors LLC Purchases 155 Shares of Saia, Inc. (NASDAQ:SAIA)

Sequoia Financial Advisors LLC boosted its position in Saia, Inc. (NASDAQ:SAIA) by 22.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 851 shares of the transportation company’s stock after buying an additional 155 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Saia were worth $372,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SAIA. Capital Research Global Investors boosted its holdings in Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after acquiring an additional 149,074 shares during the last quarter. American Century Companies Inc. boosted its holdings in Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after acquiring an additional 124,117 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after acquiring an additional 98,383 shares during the last quarter. Clearbridge Investments LLC bought a new position in Saia in the first quarter valued at about $27,733,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Saia by 15.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after buying an additional 31,397 shares during the period.

Saia Stock Up 3.8 %

SAIA stock opened at $479.38 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $424.22 and a two-hundred day moving average price of $434.48. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.21 and a beta of 1.74. Saia, Inc. has a twelve month low of $346.34 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.67 earnings per share. Analysts anticipate that Saia, Inc. will post 13.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIA. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and cut their target price for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Bank of America increased their target price on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. The Goldman Sachs Group cut their target price on Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Citigroup began coverage on Saia in a research note on Wednesday, October 9th. They issued a “buy” rating and a $518.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $490.56.

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.