Saia, Inc. $SAIA Shares Purchased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its holdings in Saia, Inc. by 473.6% during the 1st quarter, acquiring an additional 9,699 shares, bringing its total to 11,747 shares valued at approximately $4.1 million.
• Saia, Inc. reported an EPS of $2.67 for the last quarter, exceeding estimates, although its revenue of $817.12 million fell slightly short of expectations.
• Analysts maintain a consensus rating of "Moderate Buy" for Saia with a target price averaging $347.16, reflecting positive market sentiment despite recent revenue declines.

Intech Investment Management LLC increased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 473.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,747 shares of the transportation company's stock after purchasing an additional 9,699 shares during the period. Intech Investment Management LLC's holdings in Saia were worth $4,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAIA. Price T Rowe Associates Inc. MD grew its holdings 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 worth $989,452,000 after acquiring an additional 288,746 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Saia by 17.3% during the first quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock worth $795,184,000 after purchasing an additional 336,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Saia by 35.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock worth $421,705,000 after purchasing an additional 315,514 shares during the last quarter. Select Equity Group L.P. raised its position in shares of Saia by 59.6% in the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock worth $167,900,000 after buying an additional 179,444 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Saia by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 409,303 shares of the transportation company's stock valued at $143,028,000 after purchasing an additional 53,374 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on SAIA shares. Stephens raised their price objective on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Jefferies Financial Group set a $335.00 target price on Saia and gave the company a "buy" rating in a research note on Tuesday, June 10th. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $387.00 to $410.00 in a research note on Monday, June 2nd. Wells Fargo & Company lifted their price target on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $306.00 target price (up from $277.00) on shares of Saia in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Saia presently has a consensus rating of "Moderate Buy" and a consensus price target of $347.16.

Saia Stock Performance

Shares of SAIA traded up $7.42 during mid-day trading on Thursday, reaching $315.57. 197,547 shares of the company's stock traded hands, compared to its average volume of 639,441. The business's 50-day moving average price is $302.54 and its 200-day moving average price is $304.43. The stock has a market capitalization of $8.41 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 15.04 and a beta of 2.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $826.59 million. During the same quarter in the previous year, the company earned $3.83 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. Equities analysts predict that Saia, Inc. will post 15.46 earnings per share for the current 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.