CreativeOne Wealth LLC Purchases New Position in Saia, Inc. (NASDAQ:SAIA)

CreativeOne Wealth LLC purchased a new position in Saia, Inc. (NASDAQ:SAIA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,953 shares of the transportation company’s stock, valued at approximately $854,000.

Several other institutional investors and hedge funds have also bought and sold shares of SAIA. American Century Companies Inc. lifted its stake in shares of Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after purchasing an additional 98,383 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after buying an additional 38,827 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after buying an additional 31,991 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Saia by 67.2% in the 2nd quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company’s stock worth $37,603,000 after acquiring an additional 31,876 shares in the last quarter.

Saia Stock Up 0.8 %

Saia stock opened at $569.08 on Friday. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The stock has a fifty day moving average of $484.51 and a 200 day moving average of $445.47. 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 cap of $15.13 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 3.11 and a beta of 1.73.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data 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). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the previous year, the business posted $3.67 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Saia, Inc. will post 13.54 EPS for the current year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

SAIA has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. TD Cowen raised their price objective on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company boosted their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Susquehanna raised their price target on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Finally, Barclays upped their price target on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. 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 stock. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $506.00.

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.