Neuberger Berman Group LLC Has $49.75 Million Holdings in Saia, Inc. $SAIA

Neuberger Berman Group LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 403.3% during the second quarter, Holdings Channel reports. The fund owned 181,583 shares of the transportation company’s stock after purchasing an additional 145,506 shares during the period. Neuberger Berman Group LLC’s holdings in Saia were worth $49,752,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SAIA. CWM LLC increased its stake in shares of Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after buying an additional 44 shares in the last quarter. ProShare Advisors LLC grew its holdings in Saia by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after acquiring an additional 45 shares during the last quarter. Cresset Asset Management LLC increased its position in Saia by 3.8% in the 1st quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company’s stock valued at $443,000 after acquiring an additional 47 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Saia by 1.6% during the second quarter. DAVENPORT & Co LLC now owns 3,456 shares of the transportation company’s stock worth $947,000 after purchasing an additional 54 shares in the last quarter. Finally, Mattson Financial Services LLC increased its holdings in shares of Saia by 17.5% in the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 57 shares in the last quarter.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $279.47 on Friday. The company has a market capitalization of $7.45 billion, a P/E ratio of 25.81, a P/E/G ratio of 12.90 and a beta of 2.07. The stock has a 50 day moving average of $289.82 and a 200-day moving average of $289.29. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $587.86. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The company had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $3.46 earnings per share. As a group, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Insider Transactions at Saia

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the transaction, the vice president directly owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This trade represents a 16.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SAIA shares. Stifel Nicolaus cut their price target on Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research note on Tuesday, October 28th. Evercore ISI dropped their price target on shares of Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Saia in a report on Monday. Rothschild & Co Redburn assumed coverage on Saia in a research note on Wednesday. They set a “neutral” rating and a $262.00 price objective for the company. Finally, UBS Group increased their target price on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.10.

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.