Select Equity Group L.P. Has $167.90 Million Holdings in Saia, Inc. $SAIA

Key Points

• Select Equity Group L.P. has significantly increased its stake in Saia, Inc. by 59.6%, holding 480,498 shares valued at approximately $167.9 million as of the end of the first quarter.
• Analyst ratings for Saia have improved, with Goldman Sachs upgrading it to a "buy" and increasing the target price from $387 to $410, while the consensus target price among analysts is $347.16.
• Saia reported earnings of $2.67 per share for the last quarter, exceeding expectations, although revenue decreased 0.7% year-over-year with total revenue of $817.12 million.

Select Equity Group L.P. boosted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 59.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,498 shares of the transportation company's stock after purchasing an additional 179,444 shares during the quarter. Select Equity Group L.P. owned approximately 1.80% of Saia worth $167,900,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SAIA. Golden State Wealth Management LLC lifted its holdings in 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 acquiring an additional 47 shares during the last quarter. NBC Securities Inc. bought a new position in Saia during the first quarter valued at approximately $43,000. Group One Trading LLC boosted its holdings in shares of Saia by 114.4% during the 4th quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock worth $111,000 after buying an additional 1,934 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of Saia during the 1st quarter worth $135,000. Finally, GAMMA Investing LLC increased its position in Saia by 20.2% during 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 period.

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of recent research reports. Stephens lifted their price target on shares of 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 increased their price target on shares of Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Citigroup dropped their price objective on Saia from $393.00 to $373.00 and set a "buy" rating for the company in a report on Wednesday. Zacks Research raised Saia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Barclays increased their target price on Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $347.16.

Saia Stock Performance

NASDAQ:SAIA traded up $1.17 during mid-day trading on Wednesday, reaching $307.41. 411,994 shares of the company's stock were exchanged, compared to its average volume of 644,001. 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 one year low of $229.12 and a one year high of $624.55. The business's fifty day simple moving average is $300.02 and its two-hundred day simple moving average is $307.59. The firm has a market capitalization of $8.19 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 14.29 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping 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 analysts' expectations of $826.59 million. During the same quarter last year, the business earned $3.83 earnings per share. Saia's revenue was down .7% on a year-over-year basis. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.