CreativeOne Wealth LLC Purchases Shares of 1,953 Saia, Inc. (NASDAQ:SAIA)

CreativeOne Wealth LLC acquired a new position in Saia, Inc. (NASDAQ:SAIA) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,953 shares of the transportation company’s stock, valued at approximately $854,000.

A number of other hedge funds have also recently made changes to their positions in the business. Tidal Investments LLC boosted its stake in Saia by 162.3% in the 1st quarter. Tidal Investments LLC now owns 2,846 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 1,761 shares during the period. Cetera Advisors LLC bought a new position in shares of Saia during the first quarter worth $311,000. EverSource Wealth Advisors LLC grew its stake in Saia by 3.9% during the first 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 in the last quarter. GAMMA Investing LLC increased its holdings in Saia by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 139 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 50 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in Saia by 38.3% in the 2nd quarter. Fulton Bank N.A. now owns 1,436 shares of the transportation company’s stock worth $681,000 after purchasing an additional 398 shares in the last quarter.

Saia Trading Up 0.8 %

SAIA opened at $569.08 on Friday. 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 stock’s 50 day moving average price is $484.51 and its 200-day moving average price is $445.47. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 3.11 and a beta of 1.73.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data 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 business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same period last year, the company earned $3.67 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Saia, Inc. will post 13.54 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SAIA. Citigroup raised their price objective on Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stephens raised their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Benchmark reaffirmed a “buy” rating and set a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. BMO Capital Markets raised their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $506.00.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by insiders.

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.