Advisory Services Network LLC Has $201,000 Stake in Saia, Inc. (NASDAQ:SAIA)

Advisory Services Network LLC lifted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 35.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 844 shares of the transportation company’s stock after purchasing an additional 223 shares during the period. Advisory Services Network LLC’s holdings in Saia were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its holdings in shares of Saia by 4.3% during the 3rd quarter. Truist Financial Corp now owns 4,819 shares of the transportation company’s stock valued at $1,148,000 after acquiring an additional 198 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Saia by 122.0% during the 3rd quarter. Advisor Group Holdings Inc. now owns 968 shares of the transportation company’s stock valued at $230,000 after acquiring an additional 532 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Saia by 151.1% during the 3rd quarter. Xponance Inc. now owns 4,180 shares of the transportation company’s stock valued at $995,000 after acquiring an additional 2,515 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Saia during the 3rd quarter valued at $429,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Saia by 59.5% during the 3rd quarter. Van ECK Associates Corp now owns 539 shares of the transportation company’s stock valued at $128,000 after acquiring an additional 201 shares in the last quarter.

Several equities research analysts recently weighed in on the company. Benchmark started coverage on Saia in a report on Friday, November 19th. They set a “buy” rating and a $390.00 price objective on the stock. Wells Fargo & Company raised their target price on Saia from $280.00 to $336.00 and gave the stock an “overweight” rating in a research report on Friday, October 29th. Bank of America raised Saia from a “neutral” rating to a “buy” rating and raised their target price for the stock from $272.00 to $352.00 in a research report on Friday, October 29th. Susquehanna started coverage on Saia in a research report on Thursday, December 9th. They set a “positive” rating and a $400.00 target price for the company. Finally, Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $306.00 target price for the company in a research report on Tuesday, October 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $315.25.

Shares of Saia stock opened at $276.60 on Friday. Saia, Inc. has a one year low of $171.16 and a one year high of $365.50. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 0.70 and a beta of 1.32. The business has a 50-day simple moving average of $324.06 and a 200 day simple moving average of $271.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.33 and a quick ratio of 1.33.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, October 28th. The transportation company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.51. Saia had a return on equity of 20.78% and a net margin of 10.23%. The business had revenue of $616.20 million during the quarter, compared to analyst estimates of $576.83 million. During the same period in the previous year, the company posted $1.56 EPS. The firm’s revenue was up 28.0% compared to the same quarter last year. On average, sell-side analysts expect that Saia, Inc. will post 9.13 EPS for the current year.

In other Saia news, Director Di-Ann Eisnor sold 400 shares of Saia stock in a transaction dated Thursday, November 4th. The stock was sold at an average price of $351.91, for a total transaction of $140,764.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick J. Holzgrefe III sold 1,181 shares of Saia stock in a transaction dated Tuesday, November 2nd. The shares were sold at an average price of $336.50, for a total value of $397,406.50. The disclosure for this sale can be found here. Insiders sold a total of 2,591 shares of company stock valued at $884,873 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Saia Company Profile

Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.

Read More: Trading Ex-Dividend Strategy

Want to see what other hedge funds are holding SAIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saia, Inc. (NASDAQ:SAIA).

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.