Vanguard Group Inc. Has $878.79 Million Position in Saia, Inc. (NASDAQ:SAIA)

Key Points

• Vanguard Group Inc. reduced its stake in Saia, Inc. by 0.3% in Q1, now holding 2,514,916 shares valued at approximately $878.79 million.
• Other large investors have made significant adjustments to their positions in Saia, with Balyasny Asset Management increasing its stake by 24,815.0%.
• Saia has received various analyst ratings, with the consensus rating at "Hold" and a target price of $347.16, while earnings for the latest quarter exceeded expectations.

Vanguard Group Inc. cut its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,514,916 shares of the transportation company's stock after selling 8,022 shares during the quarter. Vanguard Group Inc. owned approximately 9.44% of Saia worth $878,787,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SAIA. Voya Investment Management LLC grew its holdings in Saia by 15.2% in the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock worth $170,598,000 after buying an additional 49,442 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Saia by 9.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 373,503 shares of the transportation company's stock worth $130,513,000 after buying an additional 33,719 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after buying an additional 371,232 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after buying an additional 153,896 shares in the last quarter. Finally, Select Equity Group L.P. bought a new position in Saia in the 4th quarter worth approximately $137,199,000.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $2.64 on Friday, reaching $302.63. 104,309 shares of the company traded hands, compared to its average volume of 652,910. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company's 50 day moving average is $286.98 and its 200-day moving average is $331.26. The stock has a market capitalization of $8.06 billion, a PE ratio of 27.90, a P/E/G ratio of 14.44 and a beta of 1.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same period in the previous year, the business earned $3.83 EPS. The company's revenue was down .7% on a year-over-year basis. As a group, analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Saia from a "buy" rating to a "hold" rating and set a $273.00 price objective for the company. in a report on Thursday, May 1st. Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Benchmark increased their price objective on Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wells Fargo & Company increased their price objective on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Jefferies Financial Group set a $335.00 price objective on Saia and gave the stock a "buy" rating in a report on Tuesday, June 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $347.16.

Saia 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.