Saia, Inc. $SAIA Shares Bought by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel Inc. increased its stake in Saia, Inc. by 87.1% in the second quarter, now owning 118,420 shares valued at approximately $32.4 million.
• Saia reported an EPS of $2.67 for the last quarter, surpassing the analysts' consensus estimate of $2.39, but revenue declined 0.7% year-over-year to $817.12 million.
• Analysts have varying views on Saia, with a consensus rating of "Moderate Buy" and a target price of $349.89, reflecting a mix of price adjustments in recent reports.

ZWJ Investment Counsel Inc. lifted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 87.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,420 shares of the transportation company's stock after acquiring an additional 55,129 shares during the period. ZWJ Investment Counsel Inc. owned 0.44% of Saia worth $32,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted 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 during the last quarter. NBC Securities Inc. acquired a new stake in shares of Saia in the first quarter worth approximately $43,000. Mattson Financial Services LLC boosted its stake in shares of Saia by 17.5% in the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company's stock worth $133,000 after acquiring an additional 57 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Saia in the first quarter worth approximately $135,000. Finally, GAMMA Investing LLC boosted 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 acquiring an additional 74 shares during the last quarter.

Saia Stock Performance

NASDAQ SAIA opened at $297.42 on Friday. The stock's fifty day moving average is $302.48 and its two-hundred day moving average is $298.57. The firm has a market capitalization of $7.92 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 13.45 and a beta of 2.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stephens lifted their price target on Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Evercore ISI lowered their price target on Saia from $345.00 to $328.00 and set an "outperform" rating on the stock in a research note on Tuesday. Jefferies Financial Group set a $335.00 price target on Saia and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Susquehanna raised Saia from a "neutral" rating to a "positive" rating and lifted their price target for the stock from $340.00 to $360.00 in a research note on Wednesday, September 10th. Finally, UBS Group boosted their price objective on Saia from $305.00 to $374.00 and gave the stock a "buy" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $349.89.

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.

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