Nuveen LLC Takes Position in Saia, Inc. $SAIA

Key Points

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Nuveen LLC acquired a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 70,571 shares of the transportation company's stock, valued at approximately $24,660,000. Nuveen LLC owned 0.26% of Saia as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Polen Capital Management LLC acquired a new stake in shares of Saia during the 1st quarter valued at $861,000. Invesco Ltd. boosted its stake in shares of Saia by 30.3% during the 1st quarter. Invesco Ltd. now owns 227,765 shares of the transportation company's stock valued at $79,588,000 after buying an additional 52,940 shares during the period. Cynosure Group LLC boosted its stake in shares of Saia by 54.2% during the 1st quarter. Cynosure Group LLC now owns 1,925 shares of the transportation company's stock valued at $673,000 after buying an additional 677 shares during the period. Deutsche Bank AG boosted its stake in shares of Saia by 25.9% during the 1st quarter. Deutsche Bank AG now owns 47,205 shares of the transportation company's stock valued at $16,495,000 after buying an additional 9,702 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Saia by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 235,774 shares of the transportation company's stock valued at $82,387,000 after buying an additional 9,637 shares during the period.

Saia Stock Performance

SAIA traded up $28.98 during trading on Friday, hitting $322.93. The stock had a trading volume of 538,109 shares, compared to its average volume of 648,552. The firm has a market cap of $8.60 billion, a PE ratio of 29.85, a P/E/G ratio of 13.53 and a beta of 1.99. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $291.06 and a 200-day simple moving average of $324.83.

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 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 company had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same quarter in the previous year, the firm posted $3.83 EPS. The business's revenue was down .7% compared to the same quarter last year. Analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lifted 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. Citigroup restated a "buy" rating and set a $393.00 price target (up previously from $350.00) on shares of Saia in a report on Monday, July 28th. Benchmark raised their price target on shares of Saia from $325.00 to $360.00 and gave the company a "buy" rating in a report on Monday, July 28th. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and raised their price target for the company from $387.00 to $410.00 in a report on Monday, June 2nd. Finally, Bank of America raised their price target on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Saia presently has an average rating of "Moderate Buy" and an average target price of $347.16.

About Saia

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.