Marks Group Wealth Management Inc purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,313 shares of the transportation company's stock, valued at approximately $8,882,000. Marks Group Wealth Management Inc owned about 0.08% of Saia at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of SAIA. Blue Trust Inc. boosted its position in 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 acquiring an additional 42 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Saia during the third quarter worth $40,000. Quarry LP purchased a new stake in shares of Saia in the second quarter valued at $41,000. International Assets Investment Management LLC acquired a new position in Saia in the second quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Saia by 754.5% during the second 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.
Several analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Evercore ISI dropped their price target on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Jefferies Financial Group lifted their price target on shares of Saia from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 10th. BMO Capital Markets upped their price objective on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a report on Monday, October 28th. Finally, Citigroup began coverage on Saia in a report on Wednesday, October 9th. They issued a "buy" rating and a $518.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Saia has a consensus rating of "Moderate Buy" and a consensus price target of $492.00.
View Our Latest Analysis on Saia
SAIA opened at $500.83 on Wednesday. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.80 and a beta of 1.73. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $435.80 and a 200 day simple moving average of $431.89.
Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the business earned $3.67 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Saia, Inc. will post 13.54 EPS for the current fiscal year.
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.
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