Lisanti Capital Growth LLC Takes Position in Saia, Inc. (NASDAQ:SAIA)

Lisanti Capital Growth LLC purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,765 shares of the transportation company's stock, valued at approximately $2,521,000.

Other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in Saia during the 3rd quarter valued at approximately $437,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Saia by 9.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,879 shares of the transportation company's stock valued at $822,000 after acquiring an additional 155 shares in the last quarter. Lifestyle Asset Management Inc. boosted its holdings in Saia by 15.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 671 shares of the transportation company's stock worth $293,000 after buying an additional 90 shares during the period. Marks Group Wealth Management Inc purchased a new position in shares of Saia in the third quarter valued at $8,882,000. Finally, Van ECK Associates Corp increased its position in shares of Saia by 40.0% during the third quarter. Van ECK Associates Corp now owns 17,316 shares of the transportation company's stock valued at $7,150,000 after buying an additional 4,948 shares during the period.

Saia Trading Up 2.4 %

SAIA traded up $13.21 during trading on Monday, reaching $558.10. The company had a trading volume of 307,006 shares, compared to its average volume of 390,353. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The firm's 50-day simple moving average is $446.53 and its 200 day simple moving average is $432.32. 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 company has a market cap of $14.84 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 3.14 and a beta of 1.73.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $3.67 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAIA. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Bank of America lifted their price objective on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Stifel Nicolaus lowered shares of Saia from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $440.00 to $437.00 in a research report on Monday, October 21st. Wells Fargo & Company upped their target price on shares of Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group cut their target price 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $492.00.

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.