Madison Asset Management LLC Boosts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Madison Asset Management LLC raised its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 13.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,557 shares of the transportation company's stock after buying an additional 984 shares during the period. Madison Asset Management LLC's holdings in Saia were worth $2,990,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SAIA. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after buying an additional 38 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after buying an additional 47 shares in the last quarter. Huntington National Bank increased its stake in Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after buying an additional 70 shares in the last quarter. NBC Securities Inc. purchased a new stake in Saia during the 1st quarter worth approximately $43,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Saia during the 4th quarter worth approximately $64,000.

Saia Trading Up 7.0%

Shares of NASDAQ SAIA traded up $21.82 during trading on Friday, reaching $333.61. The stock had a trading volume of 2,068,501 shares, compared to its average volume of 609,040. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The business's 50-day moving average price is $278.02 and its 200-day moving average price is $348.01. The company has a market cap of $8.88 billion, a P/E ratio of 30.80, a PEG ratio of 11.56 and a beta of 1.98.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.21% and a net margin of 9.91%. The business had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same quarter in the prior year, the company earned $3.83 earnings per share. The company's revenue was down .7% on a year-over-year basis. On average, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on SAIA shares. Wall Street Zen upgraded Saia to a "sell" rating in a research note on Tuesday, May 13th. Stifel Nicolaus restated a "hold" rating and set a $306.00 target price (up from $277.00) on shares of Saia in a report on Thursday. BMO Capital Markets cut Saia from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Wells Fargo & Company boosted their target price on Saia from $260.00 to $290.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Finally, Jefferies Financial Group set a $335.00 target price on Saia and gave the stock a "buy" rating in a report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Saia presently has a consensus rating of "Hold" and an average price target of $339.79.

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.