RiverPark Advisors LLC Raises Stock Position in Saia, Inc. (NASDAQ:SAIA)

RiverPark Advisors LLC grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,218 shares of the transportation company’s stock after acquiring an additional 116 shares during the period. RiverPark Advisors LLC’s holdings in Saia were worth $533,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC purchased a new stake in Saia during the 3rd quarter worth $40,000. Quarry LP acquired a new position in Saia during the 2nd quarter worth $41,000. International Assets Investment Management LLC acquired a new position in Saia during the 2nd quarter worth $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in 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 acquiring an additional 83 shares in the last quarter.

Saia Price Performance

Shares of SAIA opened at $522.37 on Friday. The stock has a market capitalization of $13.89 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.88 and a beta of 1.73. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a 50 day moving average of $461.16 and a 200-day moving average of $435.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released 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 firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same period in the prior year, the business posted $3.67 earnings per share. Saia’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Bank of America lifted their price target on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Barclays lifted their price target on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company boosted their target price on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. One equities 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 company. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $506.00.

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.