Intech Investment Management LLC Buys 9,699 Shares of Saia, Inc. $SAIA

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

Several other hedge funds also recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Saia by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,083 shares of the transportation company's stock valued at $30,080,000 after purchasing an additional 1,600 shares during the last quarter. Woodline Partners LP bought a new position in shares of Saia in the 1st quarter valued at about $14,656,000. United Services Automobile Association bought a new position in shares of Saia in the 1st quarter valued at about $618,000. Challenger Wealth Management boosted its stake in shares of Saia by 40.0% in the 1st quarter. Challenger Wealth Management now owns 700 shares of the transportation company's stock valued at $245,000 after purchasing an additional 200 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Saia by 334.3% in the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company's stock valued at $305,000 after purchasing an additional 672 shares during the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $312.63 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $8.33 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 14.46 and a beta of 2.00. The company's 50 day moving average price is $301.06 and its two-hundred day moving average price is $306.19. Saia, Inc. has a 52 week low of $229.12 and a 52 week 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. The firm had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $3.83 EPS. On average, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on SAIA shares. Zacks Research raised shares of Saia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Wells Fargo & Company raised their target price 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. Stifel Nicolaus reissued a "hold" rating and set a $306.00 price objective (up previously from $277.00) on shares of Saia in a research note on Thursday, July 24th. Susquehanna raised shares of Saia from a "neutral" rating to a "positive" rating and lifted their price objective for the stock from $340.00 to $360.00 in a research note on Wednesday. Finally, Bank of America lifted their price objective on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $347.16.

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.

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