Sheets Smith Wealth Management Has $876,000 Holdings in Saia, Inc. (NASDAQ:SAIA)

Sheets Smith Wealth Management increased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,506 shares of the transportation company’s stock after buying an additional 97 shares during the quarter. Sheets Smith Wealth Management’s holdings in Saia were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SAIA. Alliancebernstein L.P. lifted its holdings in shares of Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after acquiring an additional 794,197 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company’s stock worth $169,863,000 after purchasing an additional 371,232 shares in the last quarter. Select Equity Group L.P. bought a new position in Saia during the 4th quarter valued at about $137,199,000. Interval Partners LP acquired a new position in Saia in the fourth quarter valued at about $89,229,000. Finally, Ameriprise Financial Inc. boosted its position in Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock valued at $162,213,000 after buying an additional 153,896 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SAIA. Stifel Nicolaus set a $277.00 target price on shares of Saia in a research note on Monday, April 28th. Jefferies Financial Group set a $335.00 price objective on Saia and gave the stock a “buy” rating in a research note on Tuesday, June 10th. BMO Capital Markets cut Saia from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Citigroup lifted their price target on Saia from $288.00 to $317.00 and gave the company a “buy” rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group upgraded shares of Saia from a “neutral” rating to a “buy” rating and upped their price target for the stock from $387.00 to $410.00 in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $333.84.

Saia Price Performance

SAIA opened at $270.00 on Tuesday. The company has a fifty day moving average price of $274.88 and a two-hundred day moving average price of $379.55. The firm has a market capitalization of $7.19 billion, a PE ratio of 22.52, a P/E/G ratio of 6.67 and a beta of 2.00. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same period last year, the firm earned $3.38 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts anticipate that Saia, Inc. will post 15.46 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.