Lord Abbett & CO. LLC Grows Position in Saia, Inc. $SAIA

Key Points

• Lord Abbett & CO. LLC increased its stake in Saia, Inc. by 14.7% during Q1, holding approximately 130,131 shares valued at $45.47 million.
• Saia's quarterly earnings showed an EPS of $2.67, surpassing estimates, though revenue fell slightly by 0.7% year-over-year.
• Analyst ratings for Saia are mixed, with ten hold ratings, nine buy ratings, and one strong buy, along with varying price objectives set by multiple research firms.

Lord Abbett & CO. LLC lifted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,131 shares of the transportation company's stock after acquiring an additional 16,634 shares during the quarter. Lord Abbett & CO. LLC owned 0.49% of Saia worth $45,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Interval Partners LP bought a new stake in shares of Saia in the fourth quarter valued at about $89,229,000. Driehaus Capital Management LLC increased its holdings in shares of Saia by 9.0% during the fourth quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock valued at $34,511,000 after acquiring an additional 6,274 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Saia during the fourth quarter valued at about $908,000. First Trust Advisors LP increased its holdings in Saia by 76.2% in the 4th quarter. First Trust Advisors LP now owns 24,739 shares of the transportation company's stock worth $11,274,000 after buying an additional 10,695 shares during the period. Finally, Hunter Associates Investment Management LLC increased its holdings in Saia by 55.6% in the 1st quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company's stock worth $3,832,000 after buying an additional 3,940 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen upgraded Saia to a "sell" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. increased their target price on Saia from $295.00 to $380.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Raymond James Financial set a $310.00 price objective on Saia and gave the company an "outperform" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft lowered Saia from a "buy" rating to a "hold" rating and set a $273.00 price objective on the stock. in a report on Thursday, May 1st. Finally, The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and raised their price objective for the company from $387.00 to $410.00 in a report on Monday, June 2nd. One equities research 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, Saia currently has an average rating of "Moderate Buy" and an average price target of $347.16.

Saia Price Performance

SAIA stock traded up $12.9350 on Tuesday, reaching $308.6750. 529,692 shares of the company's stock were exchanged, compared to its average volume of 650,589. 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 firm has a market cap of $8.22 billion, a PE ratio of 28.57, a P/E/G ratio of 13.81 and a beta of 1.99. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The stock has a fifty day moving average of $288.73 and a 200-day moving average of $326.40.

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