259,020 Shares in Saia, Inc. $SAIA Bought by William Blair Investment Management LLC

Key Points

• William Blair Investment Management purchased 259,020 Saia shares worth approximately $109.1 million, giving it a 0.97% stake in the transportation company.
• Saia reported quarterly EPS of $3.51, beating estimates of $3.38, while revenue rose 17.1% year over year to $956.49 million.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $449.67, despite recent target-price reductions from UBS and Citigroup.

William Blair Investment Management LLC purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 259,020 shares of the transportation company's stock, valued at approximately $109,089,000. William Blair Investment Management LLC owned 0.97% of Saia at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. M&T Bank Corp grew its stake in shares of Saia by 383.7% in the 4th quarter. M&T Bank Corp now owns 26,524 shares of the transportation company's stock valued at $8,661,000 after buying an additional 21,041 shares during the period. Montag A & Associates Inc. bought a new position in Saia in the first quarter worth approximately $1,505,000. Marks Group Wealth Management Inc grew its stake in Saia by 32.9% in the first quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company's stock valued at $6,688,000 after acquiring an additional 4,717 shares during the period. California State Teachers Retirement System grew its stake in Saia by 23.1% in the first quarter. California State Teachers Retirement System now owns 30,917 shares of the transportation company's stock valued at $10,861,000 after acquiring an additional 5,810 shares during the period. Finally, London Co. of Virginia increased its holdings in shares of Saia by 10.5% during the first quarter. London Co. of Virginia now owns 86,774 shares of the transportation company's stock valued at $30,484,000 after acquiring an additional 8,255 shares in the last quarter.

Saia Trading Up 0.7%

Shares of Saia stock opened at $362.15 on Friday. The company has a market capitalization of $9.66 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 1.62 and a beta of 2.14. The stock has a fifty day simple moving average of $405.76 and a 200 day simple moving average of $407.34. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.13. The business had revenue of $956.49 million for the quarter, compared to analysts' expectations of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The business's revenue was up 17.1% on a year-over-year basis. During the same period last year, the business earned $2.67 EPS. On average, sell-side analysts anticipate that Saia, Inc. will post 11.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on Saia from $527.00 to $504.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Wall Street Zen raised shares of Saia from a "sell" rating to a "hold" rating in a research report on Monday, May 4th. Citigroup lowered their price objective on shares of Saia from $488.00 to $423.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $476.00 price objective on shares of Saia in a research note on Thursday, July 30th. Finally, BMO Capital Markets lifted their price objective on shares of Saia from $450.00 to $470.00 and gave the company a "market perform" rating in a report on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $449.67.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company's core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.

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