TD Private Client Wealth LLC Buys 892 Shares of Saia, Inc. $SAIA

Key Points

• TD Private Client Wealth LLC increased its stake in Saia, Inc. by 20.2% during Q2, acquiring an additional 892 shares, bringing its total holdings to 5,304 shares valued at approximately $1.45 million.
• Saia reported $2.67 EPS for the last quarter, exceeding analyst estimates of $2.39, but its revenue was down 0.7% year-over-year, amounting to $817.12 million.
• Analysts have a consensus target price of $347.16 for Saia stock, with ratings including one Strong Buy, ten Buy, and ten Hold ratings.

TD Private Client Wealth LLC lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 20.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,304 shares of the transportation company's stock after purchasing an additional 892 shares during the quarter. TD Private Client Wealth LLC's holdings in Saia were worth $1,453,000 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. Alliancebernstein L.P. boosted its position in shares of Saia by 17.3% during the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock worth $795,184,000 after purchasing an additional 336,046 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Saia by 35.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock worth $421,705,000 after purchasing an additional 315,514 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Saia by 11.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock worth $989,452,000 after purchasing an additional 288,746 shares in the last quarter. Select Equity Group L.P. boosted its position in shares of Saia by 59.6% during the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock worth $167,900,000 after purchasing an additional 179,444 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Saia by 41,888.8% during the 1st quarter. GAMMA Investing LLC now owns 154,099 shares of the transportation company's stock worth $53,847,000 after purchasing an additional 153,732 shares in the last quarter.

Saia Trading Up 0.4%

NASDAQ:SAIA opened at $301.31 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 13.73 and a beta of 2.00. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The firm has a 50-day moving average price of $303.76 and a two-hundred day moving average price of $301.14.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating 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 company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $3.83 EPS. On average, equities analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Saia from $295.00 to $380.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Wolfe Research raised shares of Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $306.00 price target (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. Benchmark reaffirmed a "buy" rating and issued a $360.00 price target on shares of Saia in a research report on Thursday. Finally, Stephens raised their price target on shares of Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $347.16.

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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