DAVENPORT & Co LLC Increases Stock Holdings in Saia, Inc. $SAIA

DAVENPORT & Co LLC grew its position in Saia, Inc. (NASDAQ:SAIA) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,456 shares of the transportation company’s stock after buying an additional 54 shares during the quarter. DAVENPORT & Co LLC’s holdings in Saia were worth $947,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Saia by 11.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company’s stock valued at $989,452,000 after purchasing an additional 288,746 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Saia by 17.3% during the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company’s stock worth $795,184,000 after purchasing an additional 336,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Saia by 35.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company’s stock valued at $421,705,000 after buying an additional 315,514 shares in the last quarter. Select Equity Group L.P. lifted its stake in Saia by 59.6% in the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company’s stock valued at $167,900,000 after buying an additional 179,444 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in Saia by 12.5% in the 1st quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company’s stock valued at $147,020,000 after buying an additional 46,770 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of analyst reports. Zacks Research raised Saia from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. reduced their target price on shares of Saia from $374.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays boosted their price objective on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. UBS Group boosted their price objective on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Citigroup lowered their target price on shares of Saia from $393.00 to $373.00 and set a “buy” rating for the company in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $337.89.

Saia Trading Down 6.7%

Shares of SAIA opened at $294.23 on Friday. The firm has a market capitalization of $7.84 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 14.60 and a beta of 2.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $302.69 and its 200 day simple moving average is $296.65. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same quarter last year, the firm posted $3.83 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current 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.