Marks Group Wealth Management Inc Buys 9,445 Shares of Saia, Inc. $SAIA

Key Points

• Marks Group Wealth Management Inc increased its stake in Saia, Inc. by 44.1%, acquiring an additional 9,445 shares, bringing its total ownership to approximately 30,874 shares worth $8.46 million.
• In the most recent quarter, Saia reported earnings per share (EPS) of $2.67, exceeding estimates by $0.28, but experienced a 0.7% decline in revenue compared to the same quarter last year.
• Wall Street analysts are optimistic about Saia's stock, with price targets ranging from $305 to $374 and a consensus rating of "Moderate Buy."

Marks Group Wealth Management Inc grew its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 44.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,874 shares of the transportation company's stock after purchasing an additional 9,445 shares during the quarter. Marks Group Wealth Management Inc owned about 0.12% of Saia worth $8,459,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in 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 purchasing an additional 288,746 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Saia by 17.3% in the 1st 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Saia by 35.4% in the 1st 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 in the last quarter. Select Equity Group L.P. raised its holdings in 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 purchasing an additional 179,444 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Saia by 12.5% in the 1st quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company's stock worth $147,020,000 after purchasing an additional 46,770 shares in the last quarter.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $297.42 on Monday. The firm's 50-day moving average price is $302.48 and its 200-day moving average price is $297.83. 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 company has a market cap of $7.92 billion, a PE ratio of 27.46, a PEG ratio of 13.59 and a beta of 2.00. 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 posted its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. The company 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 firm's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.83 earnings per share. As a group, analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SAIA shares. UBS Group increased their price target on shares of Saia from $305.00 to $374.00 and gave the stock a "buy" rating in a research note on Friday. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Susquehanna upgraded shares of Saia from a "neutral" rating to a "positive" rating and increased their price target for the stock from $340.00 to $360.00 in a research note on Wednesday, September 10th. Benchmark reiterated a "buy" rating and issued a $360.00 price target on shares of Saia in a research note on Thursday, September 25th. Finally, Zacks Research upgraded shares of Saia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $349.89.

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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