International Assets Investment Management LLC Has $17.02 Million Stake in Saia, Inc. (NASDAQ:SAIA)

International Assets Investment Management LLC increased its position in Saia, Inc. (NASDAQ:SAIA) by 43,625.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,916 shares of the transportation company’s stock after purchasing an additional 38,827 shares during the period. International Assets Investment Management LLC owned about 0.15% of Saia worth $17,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after purchasing an additional 22 shares during the period. LRI Investments LLC boosted its stake in shares of Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after buying an additional 24 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Saia by 3.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after buying an additional 27 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Saia by 1.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after buying an additional 30 shares during the period. Finally, MJP Associates Inc. ADV boosted its stake in shares of Saia by 5.6% during the 2nd quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company’s stock valued at $313,000 after buying an additional 35 shares during the period.

Saia Stock Performance

Shares of SAIA opened at $476.99 on Wednesday. The company has a market capitalization of $12.68 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.74. Saia, Inc. has a one year low of $346.34 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. The company’s fifty day moving average price is $424.22 and its 200 day moving average price is $434.48.

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). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter last year, the business earned $3.67 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Saia, Inc. will post 13.88 earnings per share for the current year.

Analyst Ratings Changes

SAIA has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Bank of America lifted their target price on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets lifted their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a report on Wednesday, October 9th. Finally, TD Cowen raised their price target on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $492.00.

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.