Inspire Investing LLC Buys 132 Shares of Saia, Inc. (NASDAQ:SAIA)

Inspire Investing LLC boosted its position in Saia, Inc. (NASDAQ:SAIA) by 21.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 747 shares of the transportation company’s stock after purchasing an additional 132 shares during the quarter. Inspire Investing LLC’s holdings in Saia were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SAIA. Evoke Wealth LLC acquired a new stake in Saia in the fourth quarter valued at approximately $5,802,000. Sequoia Financial Advisors LLC grew its stake in 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 buying an additional 43 shares during the last quarter. Franklin Resources Inc. increased its position in Saia by 11.5% during the 4th quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company’s stock valued at $9,685,000 after buying an additional 2,272 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in Saia in the first quarter valued at about $2,953,000. Finally, Comerica Bank raised its stake in Saia by 11.4% in the fourth quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock valued at $26,656,000 after buying an additional 6,244 shares during the last quarter.

Saia Trading Down 3.8 %

Shares of NASDAQ:SAIA opened at $436.78 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34. The business has a 50 day moving average of $414.29 and a two-hundred day moving average of $460.59. The company has a market capitalization of $11.61 billion, a PE ratio of 31.65, a PEG ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). The firm had revenue of $823.24 million during the quarter, compared to analyst estimates of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, analysts forecast that Saia, Inc. will post 13.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAIA. Wells Fargo & Company upped their price objective on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Benchmark restated a “buy” rating and set a $480.00 price target on shares of Saia in a research note on Thursday. TD Cowen lifted their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Barclays lowered their price target on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Saia has an average rating of “Hold” and an average target price of $479.07.

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.