NBC Securities Inc. Invests $43,000 in Saia, Inc. (NASDAQ:SAIA)

NBC Securities Inc. bought a new position in Saia, Inc. (NASDAQ:SAIA) during the 1st quarter, HoldingsChannel.com reports. The fund bought 124 shares of the transportation company’s stock, valued at approximately $43,000.

Several other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after purchasing an additional 26 shares during the period. Core Wealth Advisors Inc. boosted its holdings in shares of Saia by 3.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock worth $319,000 after purchasing an additional 26 shares during the period. Arizona State Retirement System boosted its holdings in shares of Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after purchasing an additional 29 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares during the period.

Analysts Set New Price Targets

SAIA has been the subject of several research reports. Stifel Nicolaus set a $277.00 price target on shares of Saia in a report on Monday, April 28th. JPMorgan Chase & Co. reduced their target price on shares of Saia from $436.00 to $299.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Evercore ISI reduced their target price on shares of Saia from $415.00 to $298.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Stephens cut shares of Saia from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $515.00 to $255.00 in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their target price on shares of Saia from $400.00 to $260.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $333.84.

Saia Trading Up 1.9%

Shares of SAIA stock opened at $259.98 on Friday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The firm’s fifty day simple moving average is $286.52 and its 200 day simple moving average is $395.76. The firm has a market capitalization of $6.92 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.24 and a beta of 2.00. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same period last year, the firm posted $3.38 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

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.