Blueshift Asset Management LLC Invests $483,000 in Saia, Inc. (NASDAQ:SAIA)

Key Points

• Blueshift Asset Management LLC acquired a new investment in Saia, Inc., purchasing 1,382 shares valued at approximately $483,000 during the 1st quarter.
• Analysts have recently shown mixed sentiments, with BMO Capital Markets downgrading Saia from "outperform" to "market perform" and lowering the target price from $455.00 to $285.00.
• Saia reported earnings of $2.67 per share for the last quarter, surpassing estimates, yet experienced a year-over-year revenue decline of 0.7%.

Blueshift Asset Management LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,382 shares of the transportation company's stock, valued at approximately $483,000.

A number of other hedge funds have also bought and sold shares of SAIA. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after purchasing an additional 47 shares in the last quarter. Huntington National Bank raised its position in shares of Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Saia during the 1st quarter valued at $43,000. Finally, Group One Trading LLC grew 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 valued at $111,000 after purchasing an additional 1,934 shares during the last quarter.

Saia Trading Down 1.2%

SAIA stock traded down $3.57 during trading on Wednesday, hitting $295.52. The company had a trading volume of 318,464 shares, compared to its average volume of 659,414. 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 firm has a market capitalization of $7.87 billion, a P/E ratio of 27.29, a PEG ratio of 13.87 and a beta of 1.99. The company has a 50 day simple moving average of $282.76 and a 200-day simple moving average of $339.95. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.28. The business had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $3.83 EPS. As a group, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SAIA. Raymond James Financial set a $310.00 target price on shares of Saia and gave the company an "outperform" rating in a research note on Monday, April 28th. Jefferies Financial Group set a $335.00 price objective on shares of Saia and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft lowered shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price for the company. in a research report on Thursday, May 1st. Evercore ISI upped their target price on shares of Saia from $297.00 to $345.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus restated a "hold" rating and set a $306.00 target price (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $347.16.

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.