Crossmark Global Holdings Inc. Has $822,000 Position in Saia, Inc. (NASDAQ:SAIA)

Crossmark Global Holdings Inc. grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,879 shares of the transportation company’s stock after purchasing an additional 155 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Saia were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors lifted its stake in Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after buying an additional 149,074 shares during the period. American Century Companies Inc. lifted its position in shares of Saia by 347.3% during the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after acquiring an additional 124,117 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in Saia in the first quarter worth $27,733,000. Finally, International Assets Investment Management LLC increased its stake in Saia by 43,625.8% in the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after purchasing an additional 38,827 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the company. Jefferies Financial Group raised their target price on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and lowered their target price for the stock from $440.00 to $437.00 in a research report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Wells Fargo & Company upped their price objective on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Finally, Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $506.00.

Saia Stock Performance

SAIA stock opened at $542.32 on Friday. 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 market cap of $14.42 billion, a PE ratio of 38.74, a P/E/G ratio of 3.15 and a beta of 1.73. The business has a 50 day moving average of $458.76 and a 200-day moving average of $434.73. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.67 earnings per share. As a group, sell-side analysts expect that Saia, Inc. will post 13.54 earnings per share for the current year.

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.