Westfield Capital Management Co. LP Has $130.51 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Key Points

• Westfield Capital Management Co. LP increased its stake in Saia, Inc. by 9.9% in the first quarter, owning 373,503 shares valued at approximately $130.5 million.
• Saia reported earnings of $2.67 per share, exceeding analyst estimates, but revenue decreased by 0.7% year-over-year with total revenue of $817.12 million.
• Analysts have mixed opinions on Saia, with target price changes ranging from $285 to $365, and an average rating of "Hold".

Westfield Capital Management Co. LP lifted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 373,503 shares of the transportation company's stock after acquiring an additional 33,719 shares during the period. Westfield Capital Management Co. LP owned 1.40% of Saia worth $130,513,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pictet Asset Management Holding SA increased its stake in shares of Saia by 4.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,553 shares of the transportation company's stock valued at $1,619,000 after acquiring an additional 142 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Saia by 73.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,277 shares of the transportation company's stock valued at $582,000 after buying an additional 540 shares during the period. Franklin Resources Inc. boosted its stake in Saia by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 76,695 shares of the transportation company's stock valued at $34,952,000 after buying an additional 8,221 shares in the last quarter. Huntington National Bank grew its holdings in Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after acquiring an additional 70 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Saia by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 165,333 shares of the transportation company's stock valued at $75,347,000 after acquiring an additional 1,052 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SAIA shares. Barclays boosted their target price on Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Evercore ISI upped their price objective on shares of Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Wells Fargo & Company boosted their price target on shares of Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, UBS Group decreased their price objective on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Saia has a consensus rating of "Hold" and an average target price of $347.16.

Saia Stock Performance

Shares of NASDAQ SAIA traded up $0.05 during trading hours on Friday, hitting $284.35. 127,204 shares of the company's stock were exchanged, compared to its average volume of 656,673. The company's 50-day moving average price is $283.57 and its 200-day moving average price is $338.24. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 13.59 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, Inc. has a 1-year low of $229.12 and a 1-year 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. The business had revenue of $817.12 million for 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 earned $3.83 earnings per share. On average, sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share 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.