Inspire Investing LLC Buys Shares of 867 Saia, Inc. $SAIA

Key Points

• Inspire Investing LLC acquired a new position in Saia, Inc., purchasing 867 shares valued at approximately $303,000 in the first quarter.
• Saia reported earnings of $2.67 per share for the last quarter, surpassing analysts' expectations of $2.39, although its revenue was down 0.7% year-over-year.
• Several research firms have revised their price targets for Saia, with Wells Fargo raising its target from $290 to $365 and The Goldman Sachs Group upgrading the stock to "buy".

Inspire Investing LLC bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 867 shares of the transportation company's stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth acquired a new position in shares of Saia in the 4th quarter valued at $275,000. Group One Trading LLC raised its position in shares of Saia by 114.4% in the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock worth $111,000 after buying an additional 1,934 shares during the period. Quantinno Capital Management LP raised its position in shares of Saia by 26.1% in the 4th quarter. Quantinno Capital Management LP now owns 1,043 shares of the transportation company's stock worth $475,000 after buying an additional 216 shares during the period. Royal Bank of Canada boosted its holdings in Saia by 6.3% in the fourth quarter. Royal Bank of Canada now owns 65,125 shares of the transportation company's stock valued at $29,679,000 after acquiring an additional 3,840 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Saia by 4.7% during the fourth quarter. Tidal Investments LLC now owns 4,482 shares of the transportation company's stock valued at $2,043,000 after acquiring an additional 200 shares during the period.

Saia Stock Down 2.3%

Shares of SAIA stock traded down $7.22 on Monday, hitting $302.82. The stock had a trading volume of 561,737 shares, compared to its average volume of 522,055. The stock's 50 day moving average is $303.03 and its 200-day moving average is $301.60. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 14.19 and a beta of 2.00. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.28. The firm 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 firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.83 EPS. As a group, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

SAIA has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Citigroup dropped their target price on shares of Saia from $393.00 to $373.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Wolfe Research raised shares of Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Stifel Nicolaus reissued a "hold" rating and issued a $306.00 price objective (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. Finally, Evercore ISI lifted their target price on shares of Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $347.16.

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.