Sheets Smith Wealth Management Sells 34 Shares of Saia, Inc. (NASDAQ:SAIA)

Sheets Smith Wealth Management lessened its stake in Saia, Inc. (NASDAQ:SAIA) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,389 shares of the transportation company’s stock after selling 34 shares during the period. Sheets Smith Wealth Management’s holdings in Saia were worth $1,045,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 42 shares during the period. Paladin Wealth LLC acquired a new position in Saia during the 3rd quarter valued at about $40,000. Quarry LP bought a new position in shares of Saia in the 2nd quarter valued at about $41,000. International Assets Investment Management LLC bought a new position in shares of Saia in the 2nd quarter valued at about $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after buying an additional 83 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the topic of several analyst reports. BMO Capital Markets increased their price objective on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Benchmark restated a “buy” rating and issued a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Jefferies Financial Group upped their price objective on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Stephens raised their target price on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Evercore ISI lowered their price target on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $492.00.

Saia Stock Performance

SAIA opened at $544.89 on Friday. The company has a market capitalization of $14.49 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 3.28 and a beta of 1.73. The business’s 50-day moving average price is $446.53 and its two-hundred day moving average price is $432.99. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period in the prior year, the business posted $3.67 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Saia, Inc. will post 13.54 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.