TimesSquare Capital Management LLC Lowers Stake in Saia, Inc. (NASDAQ:SAIA)

TimesSquare Capital Management LLC decreased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 112,287 shares of the transportation company’s stock after selling 910 shares during the period. TimesSquare Capital Management LLC owned 0.42% of Saia worth $49,099,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Saia by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after buying an additional 15,605 shares during the period. Capital Research Global Investors lifted 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 worth $625,559,000 after acquiring an additional 149,074 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of 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 worth $412,566,000 after acquiring an additional 22,143 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Saia by 15.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after purchasing an additional 31,397 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stephens increased their price target on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Jefferies Financial Group increased their target price on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their price target on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Evercore ISI cut their price objective on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Benchmark reiterated a “buy” rating and set a $480.00 target price on shares of Saia in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $492.00.

Saia Price Performance

NASDAQ SAIA opened at $544.89 on Friday. The company has a 50-day moving average price of $446.53 and a two-hundred day moving average price of $432.99. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 3.14 and a beta of 1.73. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.67 EPS. Analysts forecast that Saia, Inc. will post 13.54 EPS 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.