GW&K Investment Management LLC Has $14.17 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

GW&K Investment Management LLC raised its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,330 shares of the transportation company's stock after buying an additional 4,222 shares during the period. GW&K Investment Management LLC owned about 0.12% of Saia worth $14,168,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new position in shares of Saia during the 4th quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in shares of Saia during the fourth quarter worth $43,000. National Bank of Canada FI acquired a new stake in Saia in the 4th quarter valued at $44,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Saia in the 4th quarter valued at $58,000. Finally, NBC Securities Inc. bought a new position in shares of Saia in the 3rd quarter valued at about $54,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAIA. Wolfe Research downgraded shares of Saia from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 11th. Bank of America reduced their price objective on shares of Saia from $645.00 to $484.00 and set a "buy" rating on the stock in a research note on Monday, April 29th. BMO Capital Markets reduced their price objective on shares of Saia from $575.00 to $490.00 and set a "market perform" rating on the stock in a research note on Monday, April 29th. TD Cowen cut their target price on shares of Saia from $528.00 to $473.00 and set a "hold" rating on the stock in a research note on Monday, April 29th. Finally, Raymond James upped their price objective on shares of Saia from $565.00 to $604.00 and gave the stock an "outperform" rating in a report on Monday, April 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $497.22.

Saia Stock Performance

SAIA stock traded down $2.26 during trading on Wednesday, hitting $377.26. 974,896 shares of the company traded hands, compared to its average volume of 349,651. Saia, Inc. has a 1 year low of $266.91 and a 1 year high of $628.34. The company has a market cap of $10.03 billion, a PE ratio of 27.34, a P/E/G ratio of 1.26 and a beta of 1.71. The stock's 50-day simple moving average is $506.12 and its 200 day simple moving average is $481.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The business had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.85 earnings per share. On average, equities analysts expect that Saia, Inc. will post 15.25 earnings per share for the current fiscal year.

Insider Transactions at Saia

In related news, Director John P. Gainor, Jr. bought 500 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, the director now owns 900 shares of the company's stock, valued at approximately $366,300. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

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.