TD Asset Management Inc Acquires 2,544 Shares of 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 grew its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 41.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,706 shares of the transportation company's stock after purchasing an additional 2,544 shares during the period. TD Asset Management Inc's holdings in Saia were worth $3,042,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. Huntington National Bank increased its position in Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after purchasing an additional 70 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Saia during the first quarter worth about $43,000. Finally, Group One Trading LLC grew its stake in shares of Saia by 114.4% in the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock valued at $111,000 after buying an additional 1,934 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAIA. Stifel Nicolaus reaffirmed a "hold" rating and set a $306.00 price target (up previously from $277.00) on shares of Saia in a research note on Thursday, July 24th. Morgan Stanley set a $250.00 target price on Saia in a research report on Friday, April 25th. Bank of America lifted their price target on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Raymond James Financial set a $310.00 price objective on shares of Saia and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Citigroup reissued 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Saia presently has an average rating of "Hold" and a consensus price target of $347.16.

Saia Price Performance

Shares of SAIA traded down $4.14 during mid-day trading on Wednesday, reaching $294.94. The company had a trading volume of 158,131 shares, compared to its average volume of 658,759. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company's 50 day simple moving average is $282.76 and its 200 day simple moving average is $339.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 13.87 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.28. The firm 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 business's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.83 earnings per share. Analysts expect that Saia, Inc. will post 15.46 EPS for the current 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.