Marks Group Wealth Management Inc Acquires 2,212 Shares of Saia, Inc. (NASDAQ:SAIA)

Marks Group Wealth Management Inc grew its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 11.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,429 shares of the transportation company's stock after acquiring an additional 2,212 shares during the period. Marks Group Wealth Management Inc owned 0.08% of Saia worth $7,488,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after purchasing an additional 794,197 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after buying an additional 371,232 shares during the period. Select Equity Group L.P. acquired a new stake in shares of Saia during the fourth quarter worth $137,199,000. Interval Partners LP bought a new stake in shares of Saia in the fourth quarter valued at about $89,229,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after acquiring an additional 153,896 shares during the period.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Saia to a "sell" rating in a research note on Tuesday, May 13th. Morgan Stanley set a $250.00 price target on shares of Saia in a research report on Friday, April 25th. UBS Group cut their price target on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. BMO Capital Markets lowered Saia from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $455.00 to $285.00 in a research note on Friday, April 25th. Finally, Jefferies Financial Group set a $335.00 price objective on Saia and gave the company a "buy" rating in a report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Saia has an average rating of "Moderate Buy" and a consensus target price of $338.26.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $3.50 during trading on Friday, hitting $303.28. 392,720 shares of the company were exchanged, compared to its average volume of 530,558. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a market capitalization of $8.08 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 10.47 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $272.71 and its 200-day moving average is $359.21.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same quarter in the prior year, the firm earned $3.38 EPS. The company's revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current 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.