Raymond James Trust N.A. Purchases 69 Shares of Saia, Inc. (NASDAQ:SAIA)

Raymond James Trust N.A. increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 729 shares of the transportation company’s stock after acquiring an additional 69 shares during the period. Raymond James Trust N.A.’s holdings in Saia were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. acquired a new stake in Saia in the 1st quarter valued at about $2,726,000. Tidal Investments LLC increased its holdings in shares of Saia by 162.3% in the first quarter. Tidal Investments LLC now owns 2,846 shares of the transportation company’s stock valued at $1,665,000 after purchasing an additional 1,761 shares in the last quarter. LRI Investments LLC bought a new position in Saia in the 1st quarter worth approximately $212,000. Cetera Advisors LLC acquired a new position in Saia during the 1st quarter worth $311,000. Finally, EverSource Wealth Advisors LLC boosted its position in Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after buying an additional 27 shares during the last quarter.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of recent research reports. Citigroup boosted their target price on Saia from $534.00 to $651.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and cut their target price for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Bank of America lifted their price target on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. The Goldman Sachs Group dropped their price target on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Barclays lifted their target price on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $506.00.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Saia Price Performance

Shares of SAIA opened at $564.38 on Thursday. 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, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The stock has a market capitalization of $15.01 billion, a P/E ratio of 40.43, a P/E/G ratio of 3.07 and a beta of 1.73. The company has a 50 day moving average of $477.25 and a 200-day moving average of $442.63.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the previous year, the firm posted $3.67 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Saia Company 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.