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

Sequoia Financial Advisors LLC boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 22.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 851 shares of the transportation company’s stock after acquiring 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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Capital Research Global Investors raised its position in Saia by 16.2% during 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 in the last quarter. American Century Companies Inc. raised its position in shares of 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 purchasing an additional 124,117 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of 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 purchasing an additional 98,383 shares during the period. Clearbridge Investments LLC bought a new position in shares of Saia in the first quarter valued at approximately $27,733,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of 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 purchasing an additional 31,397 shares during the period.

Saia Stock Performance

Saia stock opened at $479.38 on Tuesday. 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 stock has a fifty day moving average price of $424.22 and a two-hundred day moving average price of $434.48. Saia, Inc. has a 52-week low of $346.34 and a 52-week high of $628.34. The firm has a market capitalization of $12.75 billion, a P/E ratio of 34.74, a P/E/G ratio of 2.21 and a beta of 1.74.

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). The business had revenue of $842.10 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.67 EPS. As a group, analysts anticipate that Saia, Inc. will post 13.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark reissued a “buy” rating and issued a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a research report on Wednesday, October 9th. BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday. The Goldman Sachs Group dropped their target price on shares of Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $490.56.

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.