TD Asset Management Inc Has $4.05 Million Position in Saia, Inc. $SAIA

TD Asset Management Inc lifted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 69.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,776 shares of the transportation company’s stock after purchasing an additional 6,070 shares during the quarter. TD Asset Management Inc’s holdings in Saia were worth $4,048,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Axxcess Wealth Management LLC boosted its position in shares of Saia by 11.6% during the second quarter. Axxcess Wealth Management LLC now owns 815 shares of the transportation company’s stock worth $223,000 after buying an additional 85 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Saia by 33.7% during the second quarter. Sequoia Financial Advisors LLC now owns 967 shares of the transportation company’s stock worth $265,000 after buying an additional 244 shares during the period. CWM LLC raised its holdings in Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after acquiring an additional 44 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Saia by 23.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,353 shares of the transportation company’s stock worth $1,193,000 after acquiring an additional 828 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in Saia by 18.3% during the second quarter. Inspire Investing LLC now owns 1,026 shares of the transportation company’s stock worth $281,000 after acquiring an additional 159 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAIA. Citigroup dropped their target price on Saia from $373.00 to $371.00 and set a “buy” rating on the stock in a report on Monday, October 13th. JPMorgan Chase & Co. dropped their target price on Saia from $374.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. UBS Group upped their target price on Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Evercore ISI dropped their target price on Saia from $345.00 to $328.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Finally, Stephens upped their target price on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and a consensus price target of $340.28.

Saia Price Performance

NASDAQ:SAIA opened at $310.39 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $304.06 and its two-hundred day moving average price is $293.69. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 14.24 and a beta of 2.00. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. The company had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 earnings per share. On average, analysts anticipate 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.