NorthCrest Asset Manangement LLC Has $799,000 Stake in Saia, Inc. $SAIA

NorthCrest Asset Manangement LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 31.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,710 shares of the transportation company’s stock after selling 1,243 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Saia were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position 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 buying an additional 288,746 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Saia by 17.3% in the first quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company’s stock valued at $795,184,000 after buying an additional 336,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Saia by 35.4% in the first 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 during the last quarter. Select Equity Group L.P. lifted its position in shares of Saia by 59.6% in the first 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 during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Saia by 12.5% during the 1st quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company’s stock worth $147,020,000 after purchasing an additional 46,770 shares during the last quarter.

Saia Price Performance

Saia stock opened at $310.04 on Friday. The stock’s fifty day moving average price is $302.84 and its two-hundred day moving average price is $303.31. Saia, Inc. has a one year low of $229.12 and a one year 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 firm has a market cap of $8.26 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 14.41 and a beta of 2.00.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same quarter last year, the company earned $3.83 EPS. The company’s revenue was down .7% on a year-over-year basis. As a group, research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the subject of several research reports. Wolfe Research raised Saia from a “hold” rating to a “strong-buy” rating in a report on Sunday, June 8th. Stifel Nicolaus reissued a “hold” rating and set a $306.00 price target (up from $277.00) on shares of Saia in a report on Thursday, July 24th. Citigroup dropped their price target on Saia from $393.00 to $373.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. Barclays lifted their price target on Saia from $315.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Finally, Stephens lifted their price target on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $347.16.

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.