Janney Montgomery Scott LLC Boosts Holdings in Saia, Inc. $SAIA

Key Points

• Janney Montgomery Scott LLC increased its holdings in Saia, Inc. by 31.7% during the second quarter, owning approximately 17,823 shares valued at $4.88 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Saia, with a price target averaging $348.05, reflecting positive sentiment about the company's future performance.
• Saia reported $2.67 EPS in its latest quarterly earnings, exceeding estimates but showing a decline in revenue of 0.7% compared to the same period last year.

Janney Montgomery Scott LLC boosted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 31.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,823 shares of the transportation company's stock after buying an additional 4,292 shares during the period. Janney Montgomery Scott LLC owned approximately 0.07% of Saia worth $4,883,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. NBC Securities Inc. purchased a new position in Saia in the 1st quarter valued at $43,000. Gateway Investment Advisers LLC grew its position in Saia by 10.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 2,905 shares of the transportation company's stock valued at $1,015,000 after buying an additional 275 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Saia by 10.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 10,841 shares of the transportation company's stock valued at $3,788,000 after buying an additional 1,015 shares during the last quarter. GAMMA Investing LLC grew its position in Saia by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 441 shares of the transportation company's stock valued at $154,000 after buying an additional 74 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Saia by 966.1% in the 1st quarter. SG Americas Securities LLC now owns 2,921 shares of the transportation company's stock valued at $1,021,000 after buying an additional 2,647 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Saia from $345.00 to $328.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 30th. Barclays boosted their target price on shares of Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Susquehanna upgraded shares of Saia from a "neutral" rating to a "positive" rating and boosted their target price for the stock from $340.00 to $360.00 in a research report on Wednesday, September 10th. Stifel Nicolaus restated a "hold" rating and set a $306.00 target price (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Finally, Benchmark restated a "buy" rating and set a $360.00 target price on shares of Saia in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $348.05.

Saia Price Performance

Saia stock opened at $309.28 on Tuesday. Saia, Inc. has a 52 week low of $229.12 and a 52 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. The firm's 50-day simple moving average is $302.20 and its 200 day simple moving average is $297.46. The firm has a market capitalization of $8.24 billion, a PE ratio of 28.56, a P/E/G ratio of 13.59 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data 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 net margin of 8.96% and a return on equity of 12.42%. The business had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same period in the previous year, the firm earned $3.83 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.

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