TD Asset Management Inc Purchases 6,070 Shares of Saia, Inc. $SAIA

Key Points

• TD Asset Management Inc increased its holdings in Saia, Inc. by 69.7% in Q2, acquiring an additional 6,070 shares for a total of 14,776 shares valued at approximately $4.05 million.
• Saia recently reported earnings per share (EPS) of $2.67, exceeding analyst expectations of $2.39, despite a 0.7% revenue decline year-over-year.
• Wall Street analysts have varying ratings for Saia, with a consensus of "Moderate Buy" and a target price of $340.28, reflecting diverse outlooks on the company’s performance.

TD Asset Management Inc lifted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 69.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,776 shares of the transportation company's stock after acquiring an additional 6,070 shares during the quarter. TD Asset Management Inc owned approximately 0.06% of Saia worth $4,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAIA. Inspire Investing LLC bought a new stake in Saia in the first quarter valued at about $303,000. Hunter Associates Investment Management LLC increased its holdings in Saia by 55.6% in the first quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company's stock valued at $3,832,000 after purchasing an additional 3,940 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Saia in the first quarter valued at about $483,000. Marks Group Wealth Management Inc increased its holdings in Saia by 11.5% in the first quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company's stock valued at $7,488,000 after purchasing an additional 2,212 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Saia in the first quarter valued at about $1,882,000.

Saia Stock Up 1.2%

NASDAQ:SAIA opened at $310.39 on Tuesday. Saia, Inc. has a 1 year low of $229.12 and a 1 year 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 stock has a market cap of $8.27 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 14.24 and a beta of 2.00. The stock has a 50-day moving average price of $304.06 and a two-hundred day moving average price of $293.69.

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, beating 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 firm had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. During the same period in the previous year, the firm earned $3.83 earnings per share. The company's revenue was down .7% on a year-over-year basis. As a group, equities analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAIA. Wells Fargo & Company dropped their price objective on Saia from $365.00 to $330.00 and set an "equal weight" rating for the company in a report on Monday, October 6th. Stifel Nicolaus reiterated a "hold" rating and issued a $306.00 price objective (up previously from $277.00) on shares of Saia in a report on Thursday, July 24th. Zacks Research upgraded Saia from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Evercore ISI dropped their price objective on Saia from $345.00 to $328.00 and set an "outperform" rating for the company in a report on Tuesday, September 30th. Finally, UBS Group boosted their target price on Saia from $305.00 to $374.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.28.

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.

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