Saia, Inc. (NASDAQ:SAIA) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in Saia, Inc. (NASDAQ:SAIA) by 3.9% in the first quarter, HoldingsChannel.com reports. The fund owned 723 shares of the transportation company’s stock after buying an additional 27 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Saia were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in shares of Saia during the fourth quarter worth approximately $26,000. Core Wealth Advisors Inc. acquired a new position in shares of Saia during the fourth quarter worth approximately $32,000. Rise Advisors LLC acquired a new position in shares of Saia during the first quarter worth approximately $40,000. GAMMA Investing LLC acquired a new position in shares of Saia during the fourth quarter worth approximately $43,000. Finally, National Bank of Canada FI acquired a new position in shares of Saia during the fourth quarter worth approximately $44,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SAIA shares. Barclays reduced their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Benchmark dropped their target price on Saia from $575.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, July 29th. TD Cowen dropped their target price on Saia from $475.00 to $416.00 and set a “hold” rating on the stock in a report on Monday, July 29th. UBS Group dropped their target price on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Susquehanna dropped their target price on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $491.44.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $11.77 on Friday, reaching $383.24. 552,898 shares of the company traded hands, compared to its average volume of 623,673. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The company’s 50 day moving average is $448.47 and its 200-day moving average is $491.39. The stock has a market capitalization of $10.19 billion, a PE ratio of 27.77, a P/E/G ratio of 1.87 and a beta of 1.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.23.

Saia Company 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.