Diversify Wealth Management LLC Increases Position in Saia, Inc. (NASDAQ:SAIA)

Diversify Wealth Management LLC boosted its position in Saia, Inc. (NASDAQ:SAIA) by 13.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,564 shares of the transportation company’s stock after acquiring an additional 185 shares during the period. Diversify Wealth Management LLC’s holdings in Saia were worth $646,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Saia by 8.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock worth $319,000 after acquiring an additional 43 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Saia in the 1st quarter valued at $2,953,000. Gateway Investment Advisers LLC acquired a new position in shares of Saia in the 2nd quarter valued at $3,012,000. Capital Group Private Client Services Inc. grew its stake in shares of Saia by 15.5% during the 1st quarter. Capital Group Private Client Services Inc. now owns 30,332 shares of the transportation company’s stock valued at $17,744,000 after buying an additional 4,069 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Saia by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 10,465 shares of the transportation company’s stock worth $6,122,000 after buying an additional 2,799 shares during the last quarter.

Saia Stock Down 0.6 %

Shares of Saia stock opened at $488.61 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. Saia, Inc. has a 1-year low of $354.32 and a 1-year high of $628.34. The business has a 50-day moving average of $427.95 and a 200-day moving average of $434.18. The company has a market capitalization of $12.99 billion, a PE ratio of 34.90, a P/E/G ratio of 2.83 and a beta of 1.74.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia’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 firm earned $3.67 earnings per share. As a group, equities analysts forecast that Saia, Inc. will post 13.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on SAIA shares. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. Citigroup began coverage on Saia in a report on Wednesday, October 9th. They set a “buy” rating and a $518.00 target price for the company. Bank of America increased their target price on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and reduced their price target for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Finally, TD Cowen increased their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and a consensus price target of $492.00.

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.