Saia, Inc. (NASDAQ:SAIA) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Saia, Inc. (NASDAQ:SAIA) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,397 shares of the transportation company’s stock after acquiring an additional 59 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Saia were worth $6,732,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Saia by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after acquiring an additional 15,605 shares during the period. Capital Research Global Investors boosted its stake in shares of Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Saia by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after purchasing an additional 22,143 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after buying an additional 98,383 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Saia by 15.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock worth $111,648,000 after buying an additional 31,397 shares in the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $544.89 on Friday. The company has a market cap of $14.49 billion, a P/E ratio of 38.92, a PEG ratio of 3.28 and a beta of 1.73. The business has a 50 day moving average of $446.53 and a two-hundred day moving average of $433.78. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. 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 released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the firm earned $3.67 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Saia, Inc. will post 13.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SAIA. Wells Fargo & Company raised 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. Stephens lifted their price objective on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Evercore ISI reduced their target price on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price objective on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $492.00.

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.