Saia, Inc. (NASDAQ:SAIA) Holdings Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 15.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 235,401 shares of the transportation company’s stock after purchasing an additional 31,397 shares during the period. Massachusetts Financial Services Co. MA owned about 0.89% of Saia worth $111,648,000 as of its most recent SEC filing.

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

Saia Stock Performance

SAIA opened at $444.29 on Thursday. 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’s 50 day moving average price is $414.59 and its two-hundred day moving average price is $463.69. The firm has a market capitalization of $11.81 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last issued 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). The business had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, equities analysts forecast that Saia, Inc. will post 13.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Susquehanna raised their price target on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research note on Wednesday. Barclays cut their price target on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and cut their price target for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Finally, TD Cowen raised their price target on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Saia presently has an average rating of “Hold” and an average price target of $479.07.

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.