Jennison Associates LLC Has $51.80 Million Holdings in Saia, Inc. (NASDAQ:SAIA)

Jennison Associates LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 31.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,461 shares of the transportation company’s stock after selling 55,067 shares during the quarter. Jennison Associates LLC’s holdings in Saia were worth $51,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its stake in shares of Saia by 99.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,141 shares of the transportation company’s stock valued at $667,000 after buying an additional 570 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Saia in the first quarter worth about $198,000. CreativeOne Wealth LLC bought a new position in Saia during the first quarter worth about $1,106,000. Quadrature Capital Ltd acquired a new stake in Saia during the first quarter valued at approximately $573,000. Finally, LRI Investments LLC bought a new stake in shares of Saia in the 1st quarter valued at approximately $212,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Stephens raised their target price on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their target price on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Benchmark reiterated a “buy” rating and set a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. JPMorgan Chase & Co. boosted their price target on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Bank of America lifted their target price on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

Saia Stock Performance

Saia stock opened at $549.19 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $14.61 billion, a PE ratio of 39.23, a P/E/G ratio of 2.84 and a beta of 1.73. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The business’s 50-day moving average price is $467.49 and its two-hundred day moving average price is $438.27.

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). The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.67 earnings per share. As a group, analysts expect that Saia, Inc. will post 13.54 earnings per share 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.