Vanguard Group Inc. Buys 12,074 Shares of Saia, Inc. (NASDAQ:SAIA)

Vanguard Group Inc. grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,489,503 shares of the transportation company’s stock after buying an additional 12,074 shares during the period. Vanguard Group Inc. owned approximately 9.36% of Saia worth $1,090,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Saia during the 4th quarter worth approximately $26,000. Pineridge Advisors LLC bought a new position in shares of Saia during the fourth quarter worth $26,000. Core Wealth Advisors Inc. acquired a new position in shares of Saia in the 4th quarter valued at $32,000. GAMMA Investing LLC acquired a new stake in Saia during the 4th quarter worth $43,000. Finally, National Bank of Canada FI acquired a new stake in Saia during the 4th quarter worth $44,000.

Insider Activity

In other Saia news, Director John P. Gainor, Jr. purchased 500 shares of Saia stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares of the company’s stock, valued at approximately $366,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SAIA. UBS Group lowered their price target on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. The Goldman Sachs Group raised their target price on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Benchmark upped their price target on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. BMO Capital Markets raised their price objective on shares of Saia from $490.00 to $500.00 and gave the stock a “market perform” rating in a report on Thursday, June 13th. Finally, Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and reduced their target price for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $497.41.

Saia Stock Up 1.4 %

SAIA stock opened at $460.24 on Friday. Saia, Inc. has a twelve month low of $302.35 and a twelve month high of $628.34. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 1.63 and a beta of 1.70. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $442.83 and a two-hundred day moving average price of $484.81.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The firm 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%. Saia’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 earnings per share. Analysts anticipate that Saia, Inc. will post 15.26 EPS for the current fiscal year.

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.