Russell Investments Group Ltd. Has $11.83 Million Holdings in Saia, Inc. $SAIA

Key Points

• Russell Investments Group Ltd. increased its stake in Saia, Inc. by 24.9%, acquiring an additional 6,750 shares, bringing their total ownership to approximately 0.13%, valued at $11.8 million.
• Saia's recent quarterly earnings showed an EPS of $2.67, beating expectations, although revenue was slightly below forecast at $817.12 million.
• Analysts have raised their price targets for Saia, with Evercore ISI setting a new target at $345.00, and Barclays increasing theirs to $350.00, indicating a generally positive outlook on the stock.

Russell Investments Group Ltd. raised its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 24.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,852 shares of the transportation company's stock after purchasing an additional 6,750 shares during the period. Russell Investments Group Ltd. owned 0.13% of Saia worth $11,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Core Wealth Advisors Inc. lifted its position in Saia by 3.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock worth $319,000 after purchasing an additional 26 shares during the period. Heritage Family Offices LLP lifted its position in Saia by 4.1% during the first quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after purchasing an additional 29 shares during the period. Golden State Wealth Management LLC lifted its position in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after purchasing an additional 47 shares during the period. Portside Wealth Group LLC lifted its position in Saia by 4.6% during the first quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company's stock worth $421,000 after purchasing an additional 53 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in Saia by 11.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 536 shares of the transportation company's stock worth $244,000 after purchasing an additional 55 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. The Goldman Sachs Group raised shares of Saia from a "neutral" rating to a "buy" rating and increased their target price for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. Jefferies Financial Group set a $335.00 target price on shares of Saia and gave the stock a "buy" rating in a report on Tuesday, June 10th. UBS Group dropped their target price on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Wells Fargo & Company increased their target price on shares of Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Saia has an average rating of "Moderate Buy" and an average price target of $347.16.

Saia Trading Up 0.3%

Shares of Saia stock traded up $0.9050 on Thursday, hitting $294.3450. The stock had a trading volume of 272,759 shares, compared to its average volume of 648,481. The stock has a 50 day moving average of $290.38 and a 200 day moving average of $326.05. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $7.84 billion, a P/E ratio of 27.24, a PEG ratio of 14.20 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.28. The business had revenue of $817.12 million during 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 company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.83 EPS. Sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.