Blue Trust Inc. Grows Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Blue Trust Inc. increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 161.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68 shares of the transportation company’s stock after purchasing an additional 42 shares during the period. Blue Trust Inc.’s holdings in Saia were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAIA. Pineridge Advisors LLC acquired a new position in Saia in the fourth quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in shares of Saia during the 1st quarter valued at approximately $40,000. Core Wealth Advisors Inc. acquired a new position in shares of Saia in the 4th quarter valued at $32,000. GAMMA Investing LLC purchased a new stake in Saia during the fourth quarter worth $43,000. Finally, National Bank of Canada FI acquired a new stake in Saia during the fourth quarter valued at $44,000.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James decreased their price objective on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Benchmark cut their price target on Saia from $575.00 to $480.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Evercore ISI increased their price target on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Susquehanna dropped their price objective on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and reduced their target price for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and a consensus price target of $488.87.

Saia Price Performance

NASDAQ:SAIA opened at $402.33 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day moving average price of $434.75 and a 200 day moving average price of $482.90. The stock has a market cap of $10.70 billion, a PE ratio of 29.15, a P/E/G ratio of 1.89 and a beta of 1.72. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The firm had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Equities research analysts expect that Saia, Inc. will post 13.88 EPS for the current fiscal year.

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.