Commonwealth Equity Services LLC Acquires 69 Shares of Saia, Inc. (NASDAQ:SAIA)

Commonwealth Equity Services LLC boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,390 shares of the transportation company’s stock after purchasing an additional 69 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Saia were worth $1,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SAIA. Evoke Wealth LLC acquired a new position in Saia in the 4th quarter valued at $5,802,000. Sequoia Financial Advisors LLC increased its position in Saia by 8.5% during the first 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. Franklin Resources Inc. raised its stake in Saia by 11.5% in the 4th quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company’s stock worth $9,685,000 after purchasing an additional 2,272 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Saia in the 1st quarter worth about $2,953,000. Finally, Comerica Bank boosted its holdings in Saia by 11.4% in the 4th quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock valued at $26,656,000 after purchasing an additional 6,244 shares during the period.

Saia Price Performance

SAIA stock opened at $434.81 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 1.98 and a beta of 1.74. The company’s fifty day simple moving average is $415.01 and its 200 day simple moving average is $465.81. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly 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 business 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%. On average, analysts expect that Saia, Inc. will post 13.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAIA has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Barclays decreased their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Evercore ISI upped their price target on shares of Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a report on Tuesday, June 25th. Susquehanna decreased their price objective on shares of Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. Finally, Raymond James cut their target price on Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $476.73.

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.