CIBC Asset Management Inc Raises Holdings in Saia, Inc. (NASDAQ:SAIA)

CIBC Asset Management Inc grew its position in Saia, Inc. (NASDAQ:SAIA) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 770 shares of the transportation company’s stock after buying an additional 26 shares during the quarter. CIBC Asset Management Inc’s holdings in Saia were worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after buying an additional 124,117 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after purchasing an additional 98,383 shares in the last quarter. International Assets Investment Management LLC boosted its position in Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after purchasing an additional 38,827 shares in the last quarter. Clearbridge Investments LLC boosted its position in Saia by 67.2% during the second quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company’s stock worth $37,603,000 after purchasing an additional 31,876 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Saia by 15.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after acquiring an additional 31,397 shares in the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $549.19 on Friday. The stock has a market capitalization of $14.61 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 2.84 and a beta of 1.73. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The stock’s 50-day moving average price is $467.49 and its 200 day moving average price is $438.27. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.67 EPS. As a group, equities research analysts forecast that Saia, Inc. will post 13.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SAIA. Citigroup raised their target price on Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group cut their target price on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price objective on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Bank of America boosted their target price on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. boosted their target price on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Saia has an average rating of “Moderate Buy” and an average price target of $506.00.

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.