TimesSquare Capital Management LLC lifted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,400 shares of the transportation company's stock after purchasing an additional 10,450 shares during the period. TimesSquare Capital Management LLC owned about 0.44% of Saia worth $40,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in SAIA. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after buying an additional 38 shares in the last quarter. Golden State Wealth Management LLC increased its stake in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. Huntington National Bank raised its holdings in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after purchasing an additional 70 shares during the period. NBC Securities Inc. purchased a new position in Saia during the first quarter worth approximately $43,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Saia in the fourth quarter valued at approximately $64,000.
Saia Trading Up 2.1%
Shares of NASDAQ SAIA traded up $5.87 during midday trading on Thursday, reaching $291.65. 481,702 shares of the stock were exchanged, compared to its average volume of 532,996. The company has a 50 day simple moving average of $275.13 and a 200 day simple moving average of $355.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $7.77 billion, a P/E ratio of 24.32, a PEG ratio of 9.86 and a beta of 1.98. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55.
Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.38 earnings per share. As a group, equities analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Stifel Nicolaus set a $277.00 target price on Saia in a research report on Monday, April 28th. Wells Fargo & Company increased their price objective on shares of Saia from $260.00 to $290.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Jefferies Financial Group set a $335.00 target price on shares of Saia and gave the company a "buy" rating in a research report on Tuesday, June 10th. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Barclays reiterated an "overweight" rating on shares of Saia in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Saia has an average rating of "Moderate Buy" and an average price target of $338.26.
Read Our Latest Research Report on SAIA
About Saia
(
Free Report)
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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