Live Oak Investment Partners Sells 99 Shares of Saia, Inc. (NASDAQ:SAIA)

Live Oak Investment Partners lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 33.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 201 shares of the transportation company’s stock after selling 99 shares during the period. Live Oak Investment Partners’ holdings in Saia were worth $88,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Saia by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after acquiring an additional 15,605 shares in the last quarter. Capital Research Global Investors grew its holdings in Saia by 16.2% during the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after buying an additional 149,074 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Saia by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after buying an additional 22,143 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after buying an additional 98,383 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Saia by 15.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after buying an additional 31,397 shares in the last quarter.

Saia Stock Down 2.2 %

Shares of SAIA opened at $545.73 on Wednesday. The firm has a market capitalization of $14.51 billion, a P/E ratio of 38.98, a P/E/G ratio of 3.22 and a beta of 1.73. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $453.48 and a 200-day moving average price of $433.25.

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

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Evercore ISI lowered their target price on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets increased their target price on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. One equities 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $499.82.

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.