5,386 Shares in Saia, Inc. (NASDAQ:SAIA) Purchased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC invested approximately $1.88 million in Saia, Inc. by acquiring 5,386 shares during the first quarter.
• Several analysts have updated their ratings on Saia, with Wells Fargo increasing the price target from $290 to $365, while BMO downgraded it from $455 to $285.
• Saia recently reported earnings of $2.67 EPS, surpassing estimates, despite a slight revenue decline year-over-year.

New Age Alpha Advisors LLC purchased a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,386 shares of the transportation company's stock, valued at approximately $1,882,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SAIA. O Shaughnessy Asset Management LLC grew its position in shares of Saia by 73.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,277 shares of the transportation company's stock worth $582,000 after purchasing an additional 540 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Saia by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 165,333 shares of the transportation company's stock valued at $75,347,000 after acquiring an additional 1,052 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Saia by 0.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 111,067 shares of the transportation company's stock valued at $50,617,000 after acquiring an additional 488 shares during the last quarter. Wedbush Securities Inc. bought a new position in shares of Saia during the fourth quarter valued at $261,000. Finally, Bank of Montreal Can raised its stake in Saia by 10.3% during the fourth quarter. Bank of Montreal Can now owns 3,532 shares of the transportation company's stock worth $1,610,000 after buying an additional 329 shares during the last quarter.

Saia Trading Down 1.4%

Shares of SAIA stock traded down $3.93 on Monday, hitting $279.79. 73,653 shares of the stock traded hands, compared to its average volume of 653,513. The firm's 50-day moving average price is $283.97 and its two-hundred day moving average price is $334.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $7.45 billion, a PE ratio of 25.81, a PEG ratio of 13.08 and a beta of 1.99. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55.

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

Analyst Ratings Changes

Several research analysts recently weighed in on SAIA shares. Benchmark boosted their price target on shares of Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Barclays boosted their price target on shares of Saia from $315.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Morgan Stanley set a $250.00 target price on shares of Saia in a report on Friday, April 25th. Raymond James Financial set a $310.00 price target on shares of Saia and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen raised shares of Saia to a "sell" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $347.16.

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.