Saia, Inc. (NASDAQ:SAIA) Stake Boosted by Primecap Management Co. CA

Primecap Management Co. CA grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,600 shares of the transportation company’s stock after acquiring an additional 9,100 shares during the period. Primecap Management Co. CA’s holdings in Saia were worth $33,485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Saia by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after acquiring an additional 15,605 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Saia by 16.2% during the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after acquiring an additional 149,074 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Saia by 1.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock valued at $358,206,000 after acquiring an additional 15,317 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after acquiring an additional 45,155 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in shares of Saia by 1.5% during the 4th quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company’s stock valued at $248,876,000 after acquiring an additional 8,599 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays reduced their price objective on shares of Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reduced their price objective on shares of Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research note on Monday, July 29th. Bank of America lifted their price objective 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. Benchmark reaffirmed a “buy” rating and issued a $480.00 price objective on shares of Saia in a research note on Thursday, September 5th. Finally, Evercore ISI lifted their price objective on shares of Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Two investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $476.73.

Saia Stock Up 0.8 %

Saia stock opened at $438.37 on Wednesday. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 1.98 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The firm has a fifty day moving average price of $414.52 and a two-hundred day moving average price of $464.82.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data 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 company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, analysts forecast that Saia, Inc. will post 13.92 earnings per share for the current 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.