T. Rowe Price Investment Management Inc. Raises Position in Saia, Inc. $SAIA

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Saia, Inc. by 22.9%, owning 342,363 shares valued at approximately $119.6 million after acquiring an additional 63,861 shares in Q1.
• Saia reported a quarterly EPS of $2.67, surpassing estimates, but experienced a 0.7% decrease in revenue year-over-year, totaling $817.12 million.
• Analysts have given Saia an average rating of "Moderate Buy" with a target price of $347.16, with recent upgrades from several firms, highlighting optimism in the stock's performance.

T. Rowe Price Investment Management Inc. increased its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 22.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 342,363 shares of the transportation company's stock after purchasing an additional 63,861 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.29% of Saia worth $119,632,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its position in shares of Saia by 24,815.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Saia in the 4th quarter valued at about $137,199,000. Interval Partners LP acquired a new stake in shares of Saia in the 4th quarter worth $89,229,000. Ameriprise Financial Inc. grew its stake in Saia by 76.2% during the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after buying an additional 153,896 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Saia by 41,888.8% during the 1st quarter. GAMMA Investing LLC now owns 154,099 shares of the transportation company's stock valued at $53,847,000 after buying an additional 153,732 shares in the last quarter.

Saia Trading Down 0.2%

SAIA traded down $0.56 during trading hours on Tuesday, reaching $308.10. The company's stock had a trading volume of 434,932 shares, compared to its average volume of 649,741. The business's 50-day moving average is $293.11 and its 200-day moving average is $319.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $8.21 billion, a PE ratio of 28.45, a P/E/G ratio of 14.77 and a beta of 1.99. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share 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 firm had revenue of $817.12 million for the quarter, compared to analysts' expectations of $826.59 million. During the same quarter last year, the company earned $3.83 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. As a group, equities research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the subject of a number of research reports. Stifel Nicolaus reaffirmed a "hold" rating and set a $306.00 price target (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. Wells Fargo & Company lifted their target price on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. UBS Group dropped their target price on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Susquehanna raised their target price on shares of Saia from $275.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft downgraded Saia from a "buy" rating to a "hold" rating and set a $273.00 target price on the stock. in a research note on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and a consensus price target of $347.16.

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.