Stephens Investment Management Group LLC Acquires 4,695 Shares of Saia, Inc. $SAIA

Key Points

• Stephens Investment Management Group LLC acquired an additional 4,695 shares of Saia, increasing their total holdings by 4.3% to 113,791 shares, valued at around $31.18 million.
• Analyst ratings for Saia show a consensus of "Moderate Buy" with a target price averaging $340.28, following upgrades from several firms including Barclays and Susquehanna.
• Saia's recent earnings report highlighted a 12-month EPS of $2.67, surpassing estimates, despite a slight revenue decline of 0.7% year-over-year.

Stephens Investment Management Group LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,791 shares of the transportation company's stock after acquiring an additional 4,695 shares during the quarter. Stephens Investment Management Group LLC owned about 0.43% of Saia worth $31,178,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SAIA. 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. State of Alaska Department of Revenue increased its holdings in Saia by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 3,120 shares of the transportation company's stock valued at $1,090,000 after buying an additional 85 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Saia by 5.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,002 shares of the transportation company's stock valued at $3,844,000 after buying an additional 591 shares during the period. Sheets Smith Wealth Management increased its holdings in Saia by 4.0% in the 1st quarter. Sheets Smith Wealth Management now owns 2,506 shares of the transportation company's stock valued at $876,000 after buying an additional 97 shares during the period. Finally, Golden State Wealth Management LLC increased 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 buying an additional 47 shares during the period.

Analyst Ratings Changes

Several equities analysts have commented on SAIA shares. Barclays raised their target price on shares of Saia from $315.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Saia in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of Saia from $374.00 to $360.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Susquehanna raised shares of Saia from a "neutral" rating to a "positive" rating and lifted their price target for the company from $340.00 to $360.00 in a report on Wednesday, September 10th. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $306.00 target price (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $340.28.

Saia Stock Performance

Shares of SAIA stock opened at $318.53 on Wednesday. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $8.48 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 14.41 and a beta of 2.00. The firm has a fifty day simple moving average of $304.41 and a two-hundred day simple moving average of $293.86.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.28. The firm had revenue of $817.12 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.83 EPS. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal 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.

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