Saia, Inc. $SAIA Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Saia, Inc. by 15% in Q1, owning approximately 1.54% of the company valued at $143.03 million.
• Analysts have raised price targets for Saia, with JPMorgan Chase increasing theirs from $295 to $380, reflecting a positive outlook on the stock.
• Saia's recent earnings report showed $2.67 EPS, exceeding estimates, although revenue decreased slightly year-over-year, amounting to $817.12 million.

Ameriprise Financial Inc. lifted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 409,303 shares of the transportation company's stock after purchasing an additional 53,374 shares during the period. Ameriprise Financial Inc. owned about 1.54% of Saia worth $143,028,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SAIA. Balyasny Asset Management L.P. grew its position in shares of Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after buying an additional 371,232 shares during the last quarter. Select Equity Group L.P. purchased a new position in shares of Saia in the 4th quarter valued at $137,199,000. Price T Rowe Associates Inc. MD grew its position in shares of Saia by 11.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock valued at $989,452,000 after buying an additional 288,746 shares during the last quarter. Interval Partners LP purchased a new position in shares of Saia in the 4th quarter valued at $89,229,000. Finally, GAMMA Investing LLC grew its position in shares of Saia by 41,888.8% in the 1st quarter. GAMMA Investing LLC now owns 154,099 shares of the transportation company's stock valued at $53,847,000 after buying an additional 153,732 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Saia from $295.00 to $380.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company lifted their price objective on shares of Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. The Goldman Sachs Group raised Saia from a "neutral" rating to a "buy" rating and boosted their target price for the company from $387.00 to $410.00 in a report on Monday, June 2nd. Wall Street Zen upgraded shares of Saia to a "sell" rating in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group set a $335.00 price target on shares of Saia and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $347.16.

Saia Trading Down 3.2%

Shares of SAIA stock traded down $9.80 during mid-day trading on Thursday, hitting $292.99. 606,546 shares of the company's stock were exchanged, compared to its average volume of 648,410. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 14.19 and a beta of 1.99. The stock has a 50-day simple moving average of $294.87 and a two-hundred day simple moving average of $319.72. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (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 for the quarter, compared to analyst estimates of $826.59 million. During the same period last year, the company earned $3.83 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. Equities analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal 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.