LPL Financial LLC Has $10.77 Million Position in Saia, Inc. (NASDAQ:SAIA)

Key Points

• LPL Financial LLC increased its holdings in Saia, Inc. by 21.4% during the 1st quarter, owning approximately 0.12% of the company, valued at $10,765,000.
• Saia reported $2.67 earnings per share for the latest quarter, exceeding analysts' estimates, while revenue decreased by 0.7% year-over-year.
• Analysts are mixed on Saia's stock, with a consensus rating of Hold and a price target averaging $347.16.

LPL Financial LLC increased its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 21.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 30,807 shares of the transportation company's stock after buying an additional 5,426 shares during the period. LPL Financial LLC owned about 0.12% of Saia worth $10,765,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. Voya Investment Management LLC grew its position in Saia by 15.2% in the fourth quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock worth $170,598,000 after acquiring an additional 49,442 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after acquiring an additional 371,232 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after purchasing an additional 153,896 shares during the last quarter. Select Equity Group L.P. bought a new position in Saia during the 4th quarter worth approximately $137,199,000. Finally, Northern Trust Corp lifted its stake in Saia by 26.9% in the fourth quarter. Northern Trust Corp now owns 232,233 shares of the transportation company's stock valued at $105,836,000 after buying an additional 49,183 shares in the last quarter.

Saia Stock Down 0.2%

Shares of Saia stock traded down $0.58 during trading hours on Friday, hitting $283.72. 233,446 shares of the company's stock traded hands, compared to its average volume of 711,347. The company has a market cap of $7.56 billion, a PE ratio of 26.20, 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. The stock has a 50 day simple moving average of $283.97 and a 200-day simple moving average of $334.45. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

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 for the quarter, beating analysts' consensus estimates of $2.39 by $0.28. The company had revenue of $817.12 million for the quarter, compared to analysts' expectations of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. Evercore ISI increased their target price on shares of Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Citigroup reiterated a "buy" rating and issued a $393.00 target price (up from $350.00) on shares of Saia in a report on Monday, July 28th. Stephens raised their price objective on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, UBS Group decreased their price objective on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a report on Monday, April 28th. One 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 given a strong buy rating to the stock. According to MarketBeat, Saia presently has an average rating of "Hold" and an average 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.