Jennison Associates LLC reduced its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 15.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,601 shares of the transportation company's stock after selling 19,295 shares during the quarter. Jennison Associates LLC owned 0.41% of Saia worth $37,948,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Core Wealth Advisors Inc. lifted its holdings in Saia by 3.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock valued at $319,000 after purchasing an additional 26 shares in the last quarter. Heritage Family Offices LLP increased its stake in Saia by 4.1% during the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after buying an additional 29 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after buying an additional 30 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after buying an additional 38 shares during the period. Finally, Golden State Wealth Management LLC grew its stake in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares in the last quarter.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on SAIA shares. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research report on Monday, April 28th. UBS Group dropped their price target on shares of Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Wolfe Research raised shares of Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Citigroup boosted their price target on shares of Saia from $313.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $338.26.
Read Our Latest Stock Analysis on Saia
Saia Stock Performance
NASDAQ:SAIA traded up $3.48 during mid-day trading on Wednesday, hitting $307.90. The stock had a trading volume of 191,387 shares, compared to its average volume of 532,937. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 9.93 and a beta of 1.98. The company has a 50 day simple moving average of $275.97 and a 200-day simple moving average of $350.93.
Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share 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 return on equity of 14.21% and a net margin of 9.91%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.38 earnings per share. On average, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.
About Saia
(
Free Report)
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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