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

Kayne Anderson Rudnick Investment Management LLC increased its stake in Saia, Inc. (NASDAQ:SAIA) by 2.6% in the second quarter, HoldingsChannel.com reports. The firm owned 869,859 shares of the transportation company’s stock after acquiring an additional 22,143 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Saia were worth $412,566,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its holdings in Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock valued at $403,275,000 after buying an additional 519,819 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after acquiring an additional 124,117 shares during the period. Clearbridge Investments LLC purchased a new position in Saia in the 1st quarter valued at approximately $27,733,000. Vaughan Nelson Investment Management L.P. raised its holdings in Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after purchasing an additional 45,155 shares during the last quarter. Finally, Natixis Investment Managers International raised its holdings 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 during the last quarter.

Saia Stock Down 3.8 %

Shares of NASDAQ SAIA opened at $436.78 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock has a market capitalization 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 firm has a fifty day moving average of $414.29 and a 200-day moving average of $462.60. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SAIA shares. BMO Capital Markets dropped their price target on Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Barclays cut their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Bank of America raised their price target on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, TD Cowen upped their price objective on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.