Saia, Inc. $SAIA Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Saia, Inc. by 4.3%, owning approximately 0.89% of the company, valued at $82.39 million after purchasing additional shares in Q1.
• Several analysts projected significant increases in Saia's target share prices, with JPMorgan increasing it from $295.00 to $380.00 and Wells Fargo from $290.00 to $365.00.
• For its latest quarter, Saia reported earnings per share of $2.67, exceeding analyst expectations but showing a decline in revenue compared to the previous year.

Charles Schwab Investment Management Inc. lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 235,774 shares of the transportation company's stock after purchasing an additional 9,637 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.89% of Saia worth $82,387,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SAIA. Golden State Wealth Management LLC boosted its position in Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. NBC Securities Inc. bought a new position in Saia in the 1st quarter worth $43,000. Group One Trading LLC raised its holdings in Saia by 114.4% in the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock worth $111,000 after purchasing an additional 1,934 shares during the period. Picton Mahoney Asset Management bought a new position in Saia in the 1st quarter worth $135,000. Finally, GAMMA Investing LLC raised its stake in shares of Saia by 20.2% in the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company's stock worth $154,000 after buying an additional 74 shares during the period.

Saia Stock Performance

Shares of SAIA traded up $1.01 during mid-day trading on Monday, hitting $300.41. 76,088 shares of the company's stock were exchanged, compared to its average volume of 650,235. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The firm has a market capitalization of $8.00 billion, a P/E ratio of 27.73, a P/E/G ratio of 13.81 and a beta of 1.99. The business's 50 day moving average is $287.94 and its two-hundred day moving average is $327.69. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13.

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

Analyst Ratings Changes

SAIA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft downgraded Saia from a "buy" rating to a "hold" rating and set a $273.00 price objective on the stock. in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price objective on shares of Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. BMO Capital Markets cut shares of Saia from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Saia from $295.00 to $380.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Saia has a consensus rating of "Hold" 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.