NorthCrest Asset Manangement LLC Has $799,000 Stake in Saia, Inc. $SAIA

Key Points

• NorthCrest Asset Management LLC reduced its stake in Saia, Inc. by 31.4%, bringing its holdings to 2,710 shares valued at approximately $799,000.
• Despite a quarterly earnings report showing $2.67 EPS, which beat estimates, Saia's revenue declined by 0.7% year-over-year.
• Various analysts have adjusted their price targets on Saia, with a current average target of $347.16, indicating a consensus rating of "Moderate Buy".

NorthCrest Asset Manangement LLC decreased its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 31.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,710 shares of the transportation company's stock after selling 1,243 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Saia were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SAIA. Focus Partners Wealth acquired a new position in Saia in the fourth quarter valued at about $275,000. Group One Trading LLC increased its holdings in shares of Saia by 114.4% in the fourth 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 in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Saia by 26.1% in the fourth quarter. Quantinno Capital Management LP now owns 1,043 shares of the transportation company's stock worth $475,000 after acquiring an additional 216 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Saia by 6.3% in the fourth quarter. Royal Bank of Canada now owns 65,125 shares of the transportation company's stock worth $29,679,000 after acquiring an additional 3,840 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Saia by 4.7% in the fourth quarter. Tidal Investments LLC now owns 4,482 shares of the transportation company's stock worth $2,043,000 after acquiring an additional 200 shares in the last quarter.

Saia Stock Down 1.5%

NASDAQ:SAIA opened at $310.04 on Friday. The stock has a 50-day simple moving average of $302.84 and a 200 day simple moving average of $303.31. 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. The company has a market cap of $8.26 billion, a PE ratio of 28.63, a PEG ratio of 14.41 and a beta of 2.00.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SAIA shares. Evercore ISI increased their price target on Saia from $297.00 to $345.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Susquehanna upgraded Saia from a "neutral" rating to a "positive" rating and increased their price target for the stock from $340.00 to $360.00 in a report on Wednesday, September 10th. Citigroup lowered their price target on Saia from $393.00 to $373.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Wolfe Research upgraded Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Finally, Barclays increased their price target on Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

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