Fifth Third Wealth Advisors LLC Cuts Position in Saia, Inc. $SAIA

Fifth Third Wealth Advisors LLC cut its stake in Saia, Inc. (NASDAQ:SAIA) by 18.3% during the second quarter, HoldingsChannel reports. The fund owned 908 shares of the transportation company’s stock after selling 204 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Saia were worth $249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 47 shares during the period. Blue Trust Inc. boosted its position in shares of Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after purchasing an additional 72 shares in the last quarter. Mattson Financial Services LLC boosted its position in shares of Saia by 17.5% in the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after purchasing an additional 57 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Saia in the 1st quarter worth $135,000. Finally, GAMMA Investing LLC boosted its position in shares of Saia by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 441 shares of the transportation company’s stock worth $154,000 after purchasing an additional 74 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stephens raised their price objective on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Citigroup decreased their price objective on Saia from $373.00 to $371.00 and set a “buy” rating for the company in a report on Monday. Susquehanna raised Saia from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $340.00 to $360.00 in a report on Wednesday, September 10th. UBS Group lifted their price target on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. cut their price target on Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $337.78.

Saia Price Performance

SAIA stock opened at $296.50 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day simple moving average of $302.60 and a 200-day simple moving average of $295.09. The firm has a market capitalization of $7.90 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 13.59 and a beta of 2.00. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm had revenue of $817.12 million for the quarter, compared to analysts’ expectations of $826.59 million. During the same period in the prior year, the firm posted $3.83 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.