American Century Companies Inc. Acquires 6,212 Shares of Saia, Inc. $SAIA

Key Points

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American Century Companies Inc. boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,475 shares of the transportation company's stock after purchasing an additional 6,212 shares during the period. American Century Companies Inc. owned about 0.63% of Saia worth $58,870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Golden State Wealth Management LLC increased its stake in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares during the last quarter. NBC Securities Inc. purchased a new position in Saia in the first quarter valued at about $43,000. Group One Trading LLC grew its stake in Saia by 114.4% in the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock valued at $111,000 after purchasing an additional 1,934 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Saia in the 1st quarter worth about $135,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Saia during the 4th quarter worth about $182,000.

Saia Stock Performance

Shares of NASDAQ SAIA traded up $26.32 during trading hours on Friday, hitting $320.27. 778,796 shares of the stock were exchanged, compared to its average volume of 650,246. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The company's 50 day moving average is $291.06 and its 200 day moving average is $324.83. 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 firm has a market capitalization of $8.53 billion, a P/E ratio of 29.57, a P/E/G ratio of 13.53 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same quarter in the previous year, the business earned $3.83 EPS. The business's revenue was down .7% on a year-over-year basis. On average, research analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SAIA shares. BMO Capital Markets cut Saia from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $455.00 to $285.00 in a research note on Friday, April 25th. Jefferies Financial Group set a $335.00 target price on shares of Saia and gave the company a "buy" rating in a research note on Tuesday, June 10th. Barclays increased their price target on shares of Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. UBS Group reduced their price objective on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Citigroup reiterated a "buy" rating and issued a $393.00 price objective (up from $350.00) on shares of Saia in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Saia presently has an average rating of "Moderate Buy" and a consensus target price of $347.16.

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.