Envestnet Asset Management Inc. Boosts Stake in Saia, Inc. (NASDAQ:SAIA)

Envestnet Asset Management Inc. increased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 13.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,488 shares of the transportation company's stock after buying an additional 14,421 shares during the period. Envestnet Asset Management Inc. owned about 0.47% of Saia worth $43,849,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Saia by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after purchasing an additional 25,090 shares during the period. Alliancebernstein L.P. increased its holdings in Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after acquiring an additional 794,197 shares during the last quarter. Voya Investment Management LLC raised its stake in Saia by 15.2% in the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after acquiring an additional 49,442 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Saia by 24,815.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Saia by 76.2% during the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after purchasing an additional 153,896 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of analyst reports. Jefferies Financial Group set a $335.00 target price on shares of Saia and gave the company a "buy" rating in a report on Tuesday, June 10th. Wells Fargo & Company raised their target price on Saia from $260.00 to $290.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Citigroup lifted their target price on Saia from $313.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Stifel Nicolaus set a $277.00 price target on shares of Saia in a report on Monday, April 28th. Finally, Evercore ISI reduced their price target on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $338.26.

Saia Price Performance

Shares of SAIA traded down $4.14 during midday trading on Wednesday, hitting $285.78. 637,833 shares of the company traded hands, compared to its average volume of 649,274. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 10.11 and a beta of 1.98. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The firm has a 50 day moving average of $274.09 and a 200-day moving average of $356.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. Saia had a net margin of 9.91% and a return on equity of 14.21%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.38 EPS. On average, analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal 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.