1,721 Shares in Saia, Inc. $SAIA Purchased by United Services Automobile Association

Key Points

• United Services Automobile Association acquired 1,721 shares of Saia, Inc., valued at approximately $618,000, during the first quarter, reflecting increased institutional interest in the transportation company.
• Saia's recent earnings report revealed an EPS of $2.67, surpassing expectations, although revenue fell short of estimates, declining by 0.7% year-over-year.
• JPMorgan and Wells Fargo have recently raised their price targets for Saia, indicating growing confidence among analysts, with a consensus rating of "Moderate Buy" for the stock.

United Services Automobile Association purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,721 shares of the transportation company's stock, valued at approximately $618,000.

Other large investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in shares of Saia during the fourth quarter valued at approximately $632,000. Focus Partners Wealth purchased a new position in Saia during the 4th quarter worth $275,000. Graham Capital Management L.P. bought a new stake in Saia during the 4th quarter valued at $1,504,000. Gotham Asset Management LLC lifted its holdings in shares of Saia by 12.1% in the 4th quarter. Gotham Asset Management LLC now owns 3,733 shares of the transportation company's stock worth $1,701,000 after buying an additional 404 shares during the period. Finally, Group One Trading LLC grew its holdings in Saia by 114.4% during the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock worth $111,000 after acquiring an additional 1,934 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SAIA shares. Wells Fargo & Company boosted their price objective on shares of Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Zacks Research raised Saia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Bank of America lifted their target price on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Susquehanna raised shares of Saia from a "neutral" rating to a "positive" rating and increased their price target for the company from $340.00 to $360.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $347.16.

Saia Stock Performance

Saia stock traded down $3.15 during trading hours on Friday, hitting $312.63. 343,142 shares of the stock traded hands, compared to its average volume of 507,768. The firm's 50 day moving average price is $301.06 and its 200-day moving average price is $306.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 14.46 and a beta of 2.00. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $826.59 million. During the same quarter in the previous year, the company posted $3.83 earnings per share. The company's revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.