RiverPark Advisors LLC Has $533,000 Holdings in Saia, Inc. (NASDAQ:SAIA)

RiverPark Advisors LLC boosted its stake in Saia, Inc. (NASDAQ:SAIA) by 10.5% in the third quarter, Holdings Channel reports. The firm owned 1,218 shares of the transportation company’s stock after purchasing an additional 116 shares during the quarter. RiverPark Advisors LLC’s holdings in Saia were worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. Blue Trust Inc. grew its position in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Saia during the third quarter worth about $40,000. Quarry LP bought a new stake in shares of Saia during the second quarter worth about $41,000. International Assets Investment Management LLC bought a new stake in shares of Saia during the second quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after purchasing an additional 83 shares during the last quarter.

Analysts Set New Price Targets

SAIA has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $480.00 target price on shares of Saia in a report on Thursday, September 19th. Bank of America upped their target price on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Stephens boosted their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group dropped their price target on Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Citigroup boosted their price target on Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $506.00.

Saia Trading Down 3.7 %

Shares of NASDAQ:SAIA opened at $522.37 on Friday. The company has a market cap of $13.89 billion, a P/E ratio of 37.31, a PEG ratio of 2.88 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The stock’s fifty day moving average price is $461.16 and its 200-day moving average price is $435.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.67 EPS. Sell-side analysts expect that Saia, Inc. will post 13.54 earnings per share for the current year.

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.