Oppenheimer Asset Management Inc. Raises Stock Position in Saia, Inc. (NASDAQ:SAIA)

Oppenheimer Asset Management Inc. lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,823 shares of the transportation company's stock after acquiring an additional 1,101 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Saia were worth $4,732,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its holdings in Saia by 10.5% during the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock valued at $110,000 after buying an additional 22 shares during the period. LRI Investments LLC boosted its position in Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock valued at $183,000 after acquiring an additional 24 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company's stock valued at $423,000 after acquiring an additional 27 shares during the period. Legacy Wealth Asset Management LLC raised its position in shares of Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock worth $337,000 after acquiring an additional 30 shares in the last quarter. Finally, MJP Associates Inc. ADV lifted its stake in shares of Saia by 5.6% during the 2nd quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company's stock worth $313,000 after purchasing an additional 35 shares during the last quarter.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $20.39 during midday trading on Friday, reaching $521.93. 163,166 shares of the stock were exchanged, compared to its average volume of 387,188. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $458.76 and a two-hundred day simple moving average of $434.73. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 3.10 and a beta of 1.73.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the business posted $3.67 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Saia, Inc. will post 13.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and lowered their target price for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Susquehanna upped their price target on Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research report on Wednesday, September 18th. 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 research report on Thursday, September 5th. Finally, Evercore ISI decreased their price target on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $506.00.

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.