UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $38.50 Million Stake in Saia, Inc. (NASDAQ:SAIA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 approximately 0.32% of Saia worth $38,501,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after buying an additional 26 shares in the last quarter. Core Wealth Advisors Inc. grew its position in Saia by 3.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock worth $319,000 after acquiring an additional 26 shares during the last quarter. Arizona State Retirement System grew its position in Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock worth $3,502,000 after acquiring an additional 29 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after acquiring an additional 30 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock worth $534,000 after acquiring an additional 37 shares during the last quarter.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered Saia from a "buy" rating to a "hold" rating and set a $273.00 price target on the stock. in a research report on Thursday, May 1st. Bank of America lifted their price objective on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. The Goldman Sachs Group decreased their price target on Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Barclays cut Saia from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. Finally, Wall Street Zen upgraded Saia to a "sell" rating in a research report on Tuesday, May 13th. 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 stock. Based on data from MarketBeat.com, Saia currently has an average rating of "Hold" and a consensus price target of $345.16.

Saia Stock Down 2.0%

SAIA traded down $5.53 during trading on Friday, reaching $264.50. 167,642 shares of the stock traded hands, compared to its average volume of 494,900. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The stock's 50-day simple moving average is $305.17 and its two-hundred day simple moving average is $414.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last issued 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). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same quarter in the prior year, the firm earned $3.38 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current 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.