Orion Portfolio Solutions LLC Acquires 530 Shares of Saia, Inc. (NASDAQ:SAIA)

Orion Portfolio Solutions LLC grew its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 31.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,231 shares of the transportation company’s stock after acquiring an additional 530 shares during the period. Orion Portfolio Solutions LLC’s holdings in Saia were worth $976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAIA. Blue Trust Inc. raised its stake in 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 buying an additional 42 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Saia in the 3rd quarter worth about $40,000. Quarry LP bought a new position in Saia in the 2nd quarter worth about $41,000. International Assets Investment Management LLC purchased a new stake in Saia during the 2nd quarter valued at about $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake 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 valued at $45,000 after purchasing an additional 83 shares in the last quarter.

Saia Stock Up 0.9 %

Shares of SAIA stock opened at $528.65 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The stock has a market cap of $14.06 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.96 and a beta of 1.74. The company has a 50 day simple moving average of $503.01 and a two-hundred day simple moving average of $455.57.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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 business had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same period in the previous year, the firm earned $3.67 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Saia, Inc. will post 13.51 earnings per share for the current year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAIA. JPMorgan Chase & Co. upped their target price on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a research report on Wednesday, October 9th. Citigroup reduced their target price on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Susquehanna upped their price target on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group increased their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and an average price target of $514.88.

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.