Polen Capital Management LLC Makes New $861,000 Investment in Saia, Inc. (NASDAQ:SAIA)

Key Points

• Polen Capital Management LLC has made a new investment in Saia, Inc. purchasing 2,464 shares valued at approximately $861,000 during the first quarter.
• Several analysts have reissued ratings for Saia, with price targets moving notably; Citigroup increased theirs from $350.00 to $393.00, while Bank of America raised theirs to $300.00.
• Despite a quarterly earnings report exceeding analyst expectations with $2.67 EPS, Saia's revenue declined by 0.7% year-over-year, totaling $817.12 million.

Polen Capital Management LLC purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,464 shares of the transportation company's stock, valued at approximately $861,000.

A number of other hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC grew its stake in Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Saia during the 1st quarter valued at about $43,000. Group One Trading LLC grew its stake in shares of Saia by 114.4% in the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock valued at $111,000 after buying an additional 1,934 shares in the last quarter. Covestor Ltd grew its stake in shares of Saia by 30.3% in the 4th quarter. Covestor Ltd now owns 271 shares of the transportation company's stock valued at $124,000 after buying an additional 63 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Saia in the 1st quarter valued at approximately $135,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on SAIA shares. Stifel Nicolaus reissued a "hold" rating and issued a $306.00 price target (up previously from $277.00) on shares of Saia in a research note on Thursday, July 24th. Citigroup reissued a "buy" rating and issued a $393.00 price target (up previously from $350.00) on shares of Saia in a research note on Monday, July 28th. Bank of America boosted their price target on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Benchmark boosted their price target on Saia from $325.00 to $360.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, UBS Group lowered 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $347.16.

Saia Stock Down 0.2%

Shares of SAIA stock opened at $283.72 on Friday. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The firm has a market cap of $7.56 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 13.08 and a beta of 1.99. The stock has a 50 day moving average of $283.97 and a 200-day moving average of $335.61. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%. The company had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same period in the previous year, the company earned $3.83 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts predict that Saia, Inc. will post 15.46 EPS 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.

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