Voya Investment Management LLC Has $147.02 Million Stake in Saia, Inc. $SAIA

Key Points

• Voya Investment Management LLC increased its stake in Saia, Inc. by 12.5% in Q1, now owning 421,172 shares valued at approximately $147 million.
• Saia reported an EPS of $2.67 for the last quarter, beating estimates, though overall revenue declined by 0.7% compared to the previous year.
• Analysts have raised their target prices for Saia, with notable increases from Barclays and Wells Fargo, indicating a positive outlook for the company's stock."

Voya Investment Management LLC raised its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 12.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 421,172 shares of the transportation company's stock after purchasing an additional 46,770 shares during the period. Voya Investment Management LLC owned approximately 1.58% of Saia worth $147,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIA. Price T Rowe Associates Inc. MD grew its position in Saia by 11.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock worth $989,452,000 after buying an additional 288,746 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Saia by 17.3% during the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock valued at $795,184,000 after acquiring an additional 336,046 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Saia by 35.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock valued at $421,705,000 after acquiring an additional 315,514 shares during the period. Select Equity Group L.P. raised its position in Saia by 59.6% in the first quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock worth $167,900,000 after purchasing an additional 179,444 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Saia by 15.0% during the first quarter. Ameriprise Financial Inc. now owns 409,303 shares of the transportation company's stock worth $143,028,000 after purchasing an additional 53,374 shares during the period.

Saia Price Performance

Shares of SAIA stock traded up $7.02 during trading hours on Thursday, reaching $315.17. 221,181 shares of the company were exchanged, compared to its average volume of 639,546. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The stock's fifty day moving average is $302.54 and its two-hundred day moving average is $304.43. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 15.04 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, beating analysts' consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same quarter last year, the business posted $3.83 earnings per share. Saia's revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the topic of several analyst reports. Jefferies Financial Group set a $335.00 price objective on Saia and gave the company a "buy" rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. upped their price target on Saia from $295.00 to $380.00 and gave the company an "overweight" rating in a research 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 research note on Monday, July 28th. Stephens lifted their price objective on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Zacks Research raised shares of Saia from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Saia has a consensus rating of "Moderate Buy" 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.