Swiss National Bank Reduces Holdings in Saia, Inc. $SAIA

Swiss National Bank cut its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,500 shares of the transportation company's stock after selling 800 shares during the quarter. Swiss National Bank owned about 0.19% of Saia worth $17,996,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Voya Investment Management LLC grew its holdings in shares of Saia by 15.2% during the fourth quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after buying an additional 49,442 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in Saia by 9.9% in the first quarter. Westfield Capital Management Co. LP now owns 373,503 shares of the transportation company's stock valued at $130,513,000 after purchasing an additional 33,719 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after purchasing an additional 153,896 shares during the last quarter. Finally, Select Equity Group L.P. purchased a new stake in Saia in the fourth quarter valued at $137,199,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SAIA shares. Evercore ISI upped their price target on shares of Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Benchmark upped their price objective on shares of Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Citigroup reiterated a "buy" rating and issued a $393.00 price objective (up previously from $350.00) on shares of Saia in a research report on Monday, July 28th. Finally, Susquehanna upped their price objective on shares of Saia from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $347.16.

Saia Trading Down 0.7%

Shares of NASDAQ:SAIA traded down $2.13 during mid-day trading on Monday, reaching $297.27. 81,558 shares of the company were exchanged, compared to its average volume of 650,257. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 13.81 and a beta of 1.99. The firm's 50-day simple moving average is $287.94 and its 200 day simple moving average is $327.69.

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, beating the consensus estimate of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. During the same quarter last year, the company posted $3.83 EPS. The firm's revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Saia, Inc. will post 15.46 EPS for the current 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.