Saia, Inc. (NASDAQ:SAIA) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC reduced its position in shares of Saia, Inc. (NASDAQ:SAIA) by 53.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,806 shares of the transportation company’s stock after selling 118,557 shares during the period. Driehaus Capital Management LLC owned approximately 0.39% of Saia worth $48,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pineridge Advisors LLC acquired a new stake in Saia during the 4th quarter valued at $26,000. Core Wealth Advisors Inc. acquired a new stake in Saia during the 4th quarter worth about $32,000. Blue Trust Inc. grew its stake in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Saia in the 1st quarter valued at about $40,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Saia in the second quarter worth approximately $42,000.

Analysts Set New Price Targets

Several research firms recently weighed in on SAIA. JPMorgan Chase & Co. boosted their target price on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Evercore ISI upped their price target on shares of Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. Benchmark reiterated a “buy” rating and issued a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Wells Fargo & Company increased their target price on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Finally, Barclays dropped their price target on Saia from $575.00 to $515.00 and set an “overweight” 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 issued a buy rating to the company. According to MarketBeat, Saia presently has an average rating of “Hold” and a consensus target price of $479.07.

Saia Stock Performance

SAIA stock opened at $434.62 on Friday. The business’s 50-day moving average price is $409.73 and its two-hundred day moving average price is $457.31. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market cap of $11.56 billion, a PE ratio of 31.49, a P/E/G ratio of 2.15 and a beta of 1.74.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The business had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. As a group, research analysts forecast that Saia, Inc. will post 13.91 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.