Everpar Advisors LLC Sells 67 Shares of Saia, Inc. $SAIA

Everpar Advisors LLC cut its position in shares of Saia, Inc. (NASDAQ:SAIA) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 908 shares of the transportation company’s stock after selling 67 shares during the period. Everpar Advisors LLC’s holdings in Saia were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Alliancebernstein L.P. boosted its stake in Saia by 17.3% during the first quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company’s stock valued at $795,184,000 after buying an additional 336,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Saia by 35.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company’s stock valued at $421,705,000 after buying an additional 315,514 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Saia by 11.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company’s stock valued at $989,452,000 after buying an additional 288,746 shares during the last quarter. Select Equity Group L.P. boosted its stake in Saia by 59.6% during the first quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company’s stock valued at $167,900,000 after buying an additional 179,444 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Saia by 41,888.8% during the first quarter. GAMMA Investing LLC now owns 154,099 shares of the transportation company’s stock valued at $53,847,000 after buying an additional 153,732 shares during the last quarter.

Saia Trading Up 2.8%

Shares of NASDAQ SAIA opened at $328.60 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50 day moving average price is $302.41 and its 200-day moving average price is $304.40. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 14.62 and a beta of 2.00.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $826.59 million. During the same period in the prior year, the business posted $3.83 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SAIA shares. Citigroup dropped their price target on Saia from $393.00 to $373.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. The Goldman Sachs Group raised Saia from a “neutral” rating to a “buy” rating and raised their price objective for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. Jefferies Financial Group set a $335.00 price objective on Saia and gave the company a “buy” rating in a research note on Tuesday, June 10th. Barclays raised their price objective on Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Stephens raised their price objective on Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $347.16.

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.