Lifestyle Asset Management Inc. Boosts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Lifestyle Asset Management Inc. raised its position in Saia, Inc. (NASDAQ:SAIA) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 671 shares of the transportation company’s stock after purchasing an additional 90 shares during the period. Lifestyle Asset Management Inc.’s holdings in Saia were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its holdings in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after acquiring an additional 30 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Saia during the 1st quarter valued at $569,000. Lisanti Capital Growth LLC increased its holdings in shares of Saia by 70.7% during the 1st quarter. Lisanti Capital Growth LLC now owns 8,260 shares of the transportation company’s stock worth $4,832,000 after buying an additional 3,420 shares during the last quarter. Atomi Financial Group Inc. purchased a new position in shares of Saia in the 1st quarter worth $206,000. Finally, Qsemble Capital Management LP acquired a new position in Saia in the first quarter valued at $503,000.

Analysts Set New Price Targets

Several brokerages have commented on SAIA. JPMorgan Chase & Co. upped their price target on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Susquehanna upped their price target on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Bank of America boosted their price objective on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Wells Fargo & Company increased their target price on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group reduced their price target on Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $492.00.

Saia Stock Performance

Shares of SAIA stock opened at $545.09 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 2.80 and a beta of 1.73. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The company’s 50-day simple moving average is $443.15 and its 200-day simple moving average is $433.62.

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