Stephens Investment Management Group LLC Purchases 8,670 Shares of Saia, Inc. (NASDAQ:SAIA)

Stephens Investment Management Group LLC raised its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,096 shares of the transportation company's stock after purchasing an additional 8,670 shares during the quarter. Stephens Investment Management Group LLC owned 0.41% of Saia worth $38,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Saia by 47.8% in the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock worth $92,000 after acquiring an additional 65 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Saia in the 4th quarter worth approximately $15,577,000. PNC Financial Services Group Inc. lifted its holdings in shares of Saia by 10.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the transportation company's stock worth $1,779,000 after acquiring an additional 364 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Saia by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after acquiring an additional 788 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Saia by 2.3% in the 4th quarter. HighTower Advisors LLC now owns 3,462 shares of the transportation company's stock worth $1,578,000 after acquiring an additional 77 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SAIA. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. 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. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $285.00 to $295.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Wall Street Zen raised shares of Saia to a "sell" rating in a research note on Tuesday, May 13th. Finally, BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $455.00 to $285.00 in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Saia presently has an average rating of "Moderate Buy" and an average target price of $338.26.

Saia Trading Down 1.1%

Saia stock traded down $3.50 during mid-day trading on Friday, reaching $303.28. 392,720 shares of the company traded hands, compared to its average volume of 530,558. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The firm's 50 day moving average price is $272.71 and its 200 day moving average price is $359.21. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 10.47 and a beta of 1.98. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.38 earnings per share. On average, analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.