Wallace Advisory Group LLC Reduces Holdings in Saia, Inc. (NASDAQ:SAIA)

Wallace Advisory Group LLC lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 17.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 448 shares of the transportation company’s stock after selling 92 shares during the quarter. Wallace Advisory Group LLC’s holdings in Saia were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Pineridge Advisors LLC purchased a new stake in Saia during the 4th quarter worth about $26,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia during the 4th quarter worth about $32,000. Blue Trust Inc. grew its holdings in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Saia in the first quarter valued at approximately $40,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Saia in the second quarter valued at approximately $42,000.

Analysts Set New Price Targets

SAIA has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Bank of America lifted their price objective on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Barclays dropped their target price on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Raymond James decreased their price target on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Finally, TD Cowen upped their price objective on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $479.07.

Saia Price Performance

SAIA opened at $437.26 on Tuesday. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a 50 day moving average of $408.66 and a two-hundred day moving average of $454.32. The company has a market cap of $11.63 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.15 and a beta of 1.74. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. On average, analysts expect that Saia, Inc. will post 13.91 earnings per share for the current year.

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.