Saia, Inc. (NASDAQ:SAIA) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,645 shares of the transportation company’s stock after purchasing an additional 15,882 shares during the quarter. Sei Investments Co. owned 0.45% of Saia worth $56,272,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SAIA. Capital Research Global Investors increased its position in shares of Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock valued at $403,275,000 after acquiring an additional 519,819 shares during the last quarter. American Century Companies Inc. increased its holdings in Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Saia in the first quarter valued at approximately $27,733,000. Vaughan Nelson Investment Management L.P. raised its position 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 purchasing an additional 45,155 shares during the period. Finally, Natixis Investment Managers International lifted its stake in Saia by 53.7% during the fourth quarter. Natixis Investment Managers International now owns 95,730 shares of the transportation company’s stock worth $41,951,000 after purchasing an additional 33,445 shares in the last quarter.

Analyst Ratings Changes

SAIA has been the topic of several research analyst reports. Raymond James cut their price objective on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Susquehanna boosted their price target on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Barclays lowered their price objective on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company lifted their price objective on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Finally, BMO Capital Markets reduced their target price on shares of Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $479.07.

Saia Stock Down 3.8 %

Saia stock opened at $436.78 on Monday. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34. The stock has a market cap of $11.61 billion, a PE ratio of 31.65, a P/E/G ratio of 2.05 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The stock’s fifty day moving average is $414.29 and its two-hundred day moving average is $460.59.

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

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.