WCM Investment Management LLC Has $19.51 Million Stock Holdings in Saia, Inc. $SAIA

Key Points

• WCM Investment Management LLC increased its stake in Saia, Inc. by 66.8% during the second quarter, holding 70,372 shares valued at approximately $19.51 million.
• Saia reported an EPS of $2.67 for the quarter, exceeding analysts' expectations, although quarterly revenue decreased by 0.7% compared to the previous year.
• Analysts have varied target price changes for Saia, with UBS raising its price target from $305 to $374, while several other firms adjusted their estimates within the $306 to $371 range.

WCM Investment Management LLC lifted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 66.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,372 shares of the transportation company's stock after acquiring an additional 28,177 shares during the quarter. WCM Investment Management LLC owned approximately 0.26% of Saia worth $19,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Price T Rowe Associates Inc. MD increased 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 during the last quarter. Alliancebernstein L.P. increased its position in Saia by 17.3% during the first 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 last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in 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 during the last quarter. Select Equity Group L.P. increased its position in Saia by 59.6% during the first quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock worth $167,900,000 after buying an additional 179,444 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Saia by 12.5% during the first quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company's stock worth $147,020,000 after buying an additional 46,770 shares during the last quarter.

Saia Stock Performance

Shares of Saia stock opened at $296.77 on Thursday. 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 firm has a market cap of $7.90 billion, a P/E ratio of 27.40, a P/E/G ratio of 13.77 and a beta of 2.00. The firm has a 50 day simple moving average of $302.62 and a 200 day simple moving average of $295.13. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group increased their target price on shares of Saia from $305.00 to $374.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Raymond James Financial lowered their target price on shares of Saia from $360.00 to $355.00 and set an "outperform" rating on the stock in a research report on Tuesday. Stifel Nicolaus reissued a "hold" rating and set a $306.00 target price (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Evercore ISI decreased their price target on shares of Saia from $345.00 to $328.00 and set an "outperform" rating for the company in a report on Tuesday, September 30th. Finally, Citigroup decreased their price target on shares of Saia from $373.00 to $371.00 and set a "buy" rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $340.28.

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.

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