Saia, Inc. (NASDAQ:SAIA) Holdings Decreased by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. cut its position in shares of Saia, Inc. (NASDAQ:SAIA) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 641 shares of the transportation company’s stock after selling 30 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Saia were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SAIA. Mercer Global Advisors Inc. ADV lifted its position in shares of Saia by 21.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,025 shares of the transportation company’s stock worth $486,000 after buying an additional 182 shares during the last quarter. Intech Investment Management LLC bought a new position in Saia in the second quarter worth about $689,000. Pacer Advisors Inc. lifted its holdings in Saia by 5.1% in the second quarter. Pacer Advisors Inc. now owns 5,257 shares of the transportation company’s stock worth $2,493,000 after acquiring an additional 254 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in Saia by 2.8% in the second quarter. Ensign Peak Advisors Inc now owns 10,161 shares of the transportation company’s stock valued at $4,819,000 after acquiring an additional 275 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in shares of Saia by 21.5% during the second quarter. Evergreen Capital Management LLC now owns 763 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 135 shares during the last quarter.

Saia Trading Up 1.2 %

Shares of SAIA stock opened at $501.55 on Friday. The stock has a 50-day simple moving average of $503.91 and a 200 day simple moving average of $460.41. The stock has a market capitalization of $13.34 billion, a P/E ratio of 35.83, a P/E/G ratio of 2.38 and a beta of 1.79. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. 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 posted its quarterly earnings data 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 the consensus estimate of $839.82 million. During the same quarter last year, the business posted $3.67 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Saia, Inc. will post 13.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore ISI cut their price target on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research report on Thursday. Barclays cut their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Jefferies Financial Group upped their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $527.65.

Insider Activity at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.

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.