UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 7,036 Shares of Saia, Inc. (NASDAQ:SAIA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,483 shares of the transportation company's stock after acquiring an additional 7,036 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Saia worth $38,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SAIA. Interval Partners LP acquired a new stake in Saia during the fourth quarter valued at $89,229,000. Driehaus Capital Management LLC raised its stake in shares of Saia by 9.0% during the 4th quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock worth $34,511,000 after purchasing an additional 6,274 shares in the last quarter. Highview Capital Management LLC DE acquired a new stake in shares of Saia during the 4th quarter valued at about $1,324,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Saia in the 4th quarter valued at approximately $3,363,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after buying an additional 4,972 shares in the last quarter.

Saia Stock Performance

Shares of Saia stock traded up $1.98 during midday trading on Thursday, hitting $270.08. The company had a trading volume of 328,883 shares, compared to its average volume of 495,990. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The business's 50 day simple moving average is $307.40 and its two-hundred day simple moving average is $416.77. The stock has a market cap of $7.19 billion, a PE ratio of 20.04, a P/E/G ratio of 2.24 and a beta of 2.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). The company had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.38 earnings per share. As a group, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SAIA shares. Wall Street Zen upgraded shares of Saia to a "sell" rating in a research note on Tuesday, May 13th. Bank of America lifted their price objective on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. TD Cowen upped their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. The Goldman Sachs Group cut their target price on Saia from $485.00 to $387.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Stephens downgraded Saia from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Saia has an average rating of "Hold" and a consensus target price of $345.16.

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.