Vanguard Personalized Indexing Management LLC Has $1.19 Million Holdings in Saia, Inc. $SAIA

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Saia, Inc. by 23.5% during the second quarter, owning a total of 4,353 shares valued at approximately $1.19 million.
• Several large investors, including Price T Rowe Associates Inc. and Alliancebernstein L.P., have also boosted their positions in Saia by significant percentages during the first quarter of 2023.
• Analyst ratings for Saia are largely positive, with a consensus target price of $340.28 and ten analysts assigning a Buy rating on the stock.

Vanguard Personalized Indexing Management LLC raised its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 23.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,353 shares of the transportation company's stock after acquiring an additional 828 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Saia were worth $1,193,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SAIA. Price T Rowe Associates Inc. MD lifted its holdings in Saia by 11.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock worth $989,452,000 after purchasing an additional 288,746 shares during the last quarter. Alliancebernstein L.P. increased its position in Saia by 17.3% during the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock worth $795,184,000 after buying an additional 336,046 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Saia by 35.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock worth $421,705,000 after buying an additional 315,514 shares in the last quarter. Select Equity Group L.P. boosted its position in shares of Saia by 59.6% in the first quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock valued at $167,900,000 after acquiring an additional 179,444 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Saia by 12.5% in the first quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company's stock valued at $147,020,000 after acquiring an additional 46,770 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently commented on SAIA shares. Susquehanna raised shares of Saia from a "neutral" rating to a "positive" rating and raised their price target for the stock from $340.00 to $360.00 in a research report on Wednesday, September 10th. JPMorgan Chase & Co. decreased their target price on shares of Saia from $374.00 to $360.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Saia in a research report on Wednesday, October 8th. Stephens boosted their price target on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Citigroup lowered their price objective on Saia from $373.00 to $371.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Saia has an average rating of "Moderate Buy" and a consensus target price of $340.28.

Saia Trading Up 0.8%

Shares of SAIA opened at $306.64 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 14.24 and a beta of 2.00. The business's fifty day moving average is $303.48 and its 200-day moving average is $293.95.

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

Saia Company 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.

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