Challenger Wealth Management Increases Position in Saia, Inc. $SAIA

Challenger Wealth Management lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 40.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the transportation company’s stock after purchasing an additional 200 shares during the period. Challenger Wealth Management’s holdings in Saia were worth $245,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SAIA. Golden State Wealth Management LLC lifted its position in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock worth $29,000 after buying an additional 47 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Saia in the 1st quarter worth $43,000. Group One Trading LLC raised its holdings in shares of Saia by 114.4% during the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company’s stock worth $111,000 after acquiring an additional 1,934 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Saia during the 1st quarter valued at about $135,000. Finally, GAMMA Investing LLC grew its holdings in shares of Saia by 20.2% in the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 74 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SAIA. Evercore ISI lifted their target price on shares of Saia from $297.00 to $345.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Susquehanna lifted their price target on shares of Saia from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Bank of America upped their price objective on Saia from $251.00 to $300.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Jefferies Financial Group set a $335.00 target price on Saia and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Finally, Citigroup reaffirmed a “buy” rating and issued a $393.00 price target (up previously from $350.00) on shares of Saia in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $347.16.

Saia Stock Up 5.4%

Shares of NASDAQ SAIA opened at $313.15 on Monday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $298.85 and its two-hundred day moving average is $308.26. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 14.34 and a beta of 2.00.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.39 by $0.28. The business had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $3.83 earnings per share. Research analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

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.