Westfield Capital Management Co. LP Boosts Holdings 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 raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 approximately 1.40% of Saia worth $130,513,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SAIA. Balyasny Asset Management L.P. increased its position in shares of Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after buying an additional 371,232 shares in the last quarter. Select Equity Group L.P. acquired a new stake in Saia in the 4th quarter valued at $137,199,000. Interval Partners LP acquired a new position in Saia during the fourth quarter worth $89,229,000. Ameriprise Financial Inc. lifted its holdings in Saia by 76.2% during the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after purchasing an additional 153,896 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Saia by 41,888.8% in the first quarter. GAMMA Investing LLC now owns 154,099 shares of the transportation company's stock valued at $53,847,000 after purchasing an additional 153,732 shares during the period.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of recent research reports. Morgan Stanley set a $250.00 target price on shares of Saia in a research report on Friday, April 25th. Stifel Nicolaus reissued a "hold" rating and set a $306.00 price objective (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price on the stock. in a research report on Thursday, May 1st. Jefferies Financial Group set a $335.00 price target on shares of Saia and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Stephens upped their price objective on shares of Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $347.16.

Saia Stock Down 0.6%

Shares of NASDAQ:SAIA traded down $1.73 during trading on Tuesday, hitting $299.08. 572,185 shares of the company were exchanged, compared to its average volume of 721,975. The firm's 50 day moving average price is $282.76 and its 200-day moving average price is $339.95. Saia, Inc. has a 12-month low of $229.12 and a 12-month 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 has a market capitalization of $7.97 billion, a P/E ratio of 27.62, a PEG ratio of 13.87 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.28. The business 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 business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 EPS. On average, research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.