Saia, Inc. $SAIA Stake Raised by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its holdings in Saia, Inc. by 1.9%, owning 86,083 shares valued at $30.08 million as of the end of the last quarter.
• Analysts have raised price targets for Saia, with Barclays boosting its target from $315 to $350 and JPMorgan Chase increasing theirs from $295 to $380.
• Saia reported an earnings per share of $2.67 for the last quarter, exceeding the consensus estimate of $2.39, despite a 0.7% decline in quarterly revenue year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,083 shares of the transportation company's stock after acquiring an additional 1,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.32% of Saia worth $30,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its stake in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares during the period. NBC Securities Inc. acquired a new stake in shares of Saia during the 1st quarter worth approximately $43,000. Group One Trading LLC boosted its holdings in Saia by 114.4% during the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock worth $111,000 after buying an additional 1,934 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Saia during the first quarter worth $135,000. Finally, GAMMA Investing LLC boosted its holdings in Saia by 20.2% during the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company's stock worth $154,000 after buying an additional 74 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on SAIA shares. Stephens upped their price objective on shares of Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group raised Saia from a "neutral" rating to a "buy" rating and raised their price objective for the company from $387.00 to $410.00 in a report on Monday, June 2nd. Evercore ISI raised their price objective on Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Saia from $295.00 to $380.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group set a $335.00 price objective on shares of Saia and gave the stock a "buy" rating in a research report on Tuesday, June 10th. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $347.16.

Saia Stock Performance

NASDAQ:SAIA traded down $4.79 during mid-day trading on Friday, reaching $310.04. The stock had a trading volume of 413,320 shares, compared to its average volume of 540,329. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. 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 business has a 50 day simple moving average of $302.84 and a 200 day simple moving average of $303.31. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 14.41 and a beta of 2.00.

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, topping analysts' consensus estimates of $2.39 by $0.28. The firm had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $3.83 EPS. On average, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.