Saia, Inc. (NASDAQ:SAIA) Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its stake in Saia, Inc. (NASDAQ:SAIA) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 869,859 shares of the transportation company’s stock after buying an additional 22,143 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 3.27% of Saia worth $412,566,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in Saia by 129.8% during the 4th quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after acquiring an additional 519,819 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Saia by 347.3% during the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after purchasing an additional 124,117 shares in the last quarter. Clearbridge Investments LLC acquired a new position in shares of Saia during the first quarter worth $27,733,000. Vaughan Nelson Investment Management L.P. increased its holdings in Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after buying an additional 45,155 shares during the last quarter. Finally, Natixis Investment Managers International raised its stake in Saia by 53.7% in the fourth quarter. Natixis Investment Managers International now owns 95,730 shares of the transportation company’s stock valued at $41,951,000 after buying an additional 33,445 shares in the last quarter.

Saia Price Performance

Shares of SAIA opened at $436.78 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The firm has a 50-day simple moving average of $414.29 and a 200-day simple moving average of $462.60. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, equities research analysts anticipate that Saia, Inc. will post 13.92 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $480.00 price objective on shares of Saia in a research report on Thursday. TD Cowen upped their price target on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Susquehanna raised their price objective on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and lowered their target price for the company from $526.00 to $475.00 in a report on Friday, May 24th. Finally, BMO Capital Markets dropped their target price on shares of Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $479.07.

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.