TD Asset Management Inc Boosts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Key Points

• TD Asset Management Inc increased its position in Saia, Inc. by 41.3%, now holding 8,706 shares valued at $3,042,000.
• Saia reported $2.67 earnings per share for the last quarter, surpassing expectations, although its revenue decreased by 0.7% from the previous year.
• Analysts have mixed ratings for Saia, with ten holding a "hold" rating, while target prices vary, with Barclays raising it to $350.00.

TD Asset Management Inc boosted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 41.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,706 shares of the transportation company's stock after acquiring an additional 2,544 shares during the period. TD Asset Management Inc's holdings in Saia were worth $3,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIA. HB Wealth Management LLC bought a new stake in Saia in the first quarter valued at approximately $232,000. Equitable Trust Co. purchased a new stake in shares of Saia during the first quarter valued at $336,000. Avantax Advisory Services Inc. boosted its position in shares of Saia by 17.4% during the first quarter. Avantax Advisory Services Inc. now owns 796 shares of the transportation company's stock valued at $278,000 after buying an additional 118 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in Saia by 7.0% in the first quarter. Journey Strategic Wealth LLC now owns 930 shares of the transportation company's stock valued at $325,000 after acquiring an additional 61 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in Saia by 13.1% in the first quarter. Wedbush Securities Inc. now owns 648 shares of the transportation company's stock valued at $226,000 after acquiring an additional 75 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup reaffirmed a "buy" rating and issued a $393.00 price objective (up previously from $350.00) on shares of Saia in a research note on Monday, July 28th. Stephens raised their price target on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. UBS Group cut their price target on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a report on Monday, April 28th. Wolfe Research upgraded Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Finally, Wells Fargo & Company lifted their target price on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a report 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 issued a strong buy rating to the company. According to data from MarketBeat, Saia presently has an average rating of "Hold" and an average price target of $347.16.

Saia Stock Down 3.0%

SAIA stock traded down $9.15 during trading on Friday, hitting $293.09. 599,252 shares of the stock traded hands, compared to its average volume of 739,270. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The firm's 50 day moving average is $281.54 and its two-hundred day moving average is $341.54. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 13.51 and a beta of 1.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. The company had revenue of $817.12 million for 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 firm's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.83 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

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.