Segall Bryant & Hamill LLC Raises Holdings in Saia, Inc. (NASDAQ:SAIA)

Segall Bryant & Hamill LLC lifted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 55.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,224 shares of the transportation company's stock after purchasing an additional 9,393 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of Saia worth $9,163,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC lifted its holdings in Saia by 9.9% during the first quarter. TimesSquare Capital Management LLC now owns 116,400 shares of the transportation company's stock valued at $40,674,000 after purchasing an additional 10,450 shares in the last quarter. Marks Group Wealth Management Inc boosted its position in shares of Saia by 11.5% during the first quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company's stock worth $7,488,000 after acquiring an additional 2,212 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Saia by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the transportation company's stock valued at $2,621,000 after purchasing an additional 100 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Saia by 8.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 109,096 shares of the transportation company's stock valued at $38,121,000 after acquiring an additional 8,670 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its stake in shares of Saia by 20.0% in the 1st quarter. Diversify Wealth Management LLC now owns 2,285 shares of the transportation company's stock worth $798,000 after buying an additional 381 shares in the last quarter.

Saia Stock Performance

Shares of Saia stock traded down $3.55 on Friday, reaching $288.10. 661,657 shares of the stock were exchanged, compared to its average volume of 533,153. The business has a 50 day moving average price of $275.68 and a two-hundred day moving average price of $353.85. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 10.06 and a beta of 1.98. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). The business had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 9.91% and a return on equity of 14.21%. The business's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.38 earnings per share. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAIA has been the subject of a number of analyst reports. Wolfe Research upgraded Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. 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 report on Monday, April 28th. Raymond James Financial set a $310.00 price objective on Saia and gave the company an "outperform" rating in a research report on Monday, April 28th. Susquehanna reduced their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Finally, Citigroup raised their target price on shares of Saia from $313.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Saia presently has a consensus rating of "Moderate Buy" and a consensus target price of $338.26.

Saia Company 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.