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 grew its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 12.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 421,172 shares of the transportation company's stock after buying an additional 46,770 shares during the period. Voya Investment Management LLC owned 1.58% of Saia worth $147,020,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SAIA. Hunter Associates Investment Management LLC grew its stake in Saia by 55.6% in the first quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company's stock valued at $3,832,000 after acquiring an additional 3,940 shares during the period. Running Oak Capital LLC lifted its holdings in shares of Saia by 28.1% in the first quarter. Running Oak Capital LLC now owns 38,760 shares of the transportation company's stock valued at $13,544,000 after purchasing an additional 8,501 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Saia in the first quarter valued at about $483,000. Marks Group Wealth Management Inc raised its holdings in Saia by 11.5% during the first quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company's stock worth $7,488,000 after acquiring an additional 2,212 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Saia during the first quarter worth about $1,882,000.

Saia Stock Performance

Shares of Saia stock opened at $312.63 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $301.06 and a two-hundred day moving average price of $306.19. The company has a market cap of $8.33 billion, a P/E ratio of 28.87, a PEG ratio of 14.46 and a beta of 2.00. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAIA. Stephens upped their target price on Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Barclays upped their target price on Saia from $315.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Wells Fargo & Company upped their target price on Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Jefferies Financial Group set a $335.00 price target on Saia and gave the stock a "buy" rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and an average target price of $347.16.

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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