Allspring Global Investments Holdings LLC Acquires 15,978 Shares of Saia, Inc. (NASDAQ:SAIA)

Allspring Global Investments Holdings LLC grew its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,243 shares of the transportation company's stock after purchasing an additional 15,978 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.57% of Saia worth $72,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SAIA. Vanguard Group Inc. grew its position in shares of 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 buying an additional 15,605 shares during the period. Capital Research Global Investors increased its stake in shares of Saia by 16.2% during 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 in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Saia by 1.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company's stock valued at $358,206,000 after purchasing an additional 15,317 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of 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 purchasing an additional 45,155 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in shares of 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 buying an additional 8,599 shares during the last quarter.

Analyst Ratings Changes

SAIA has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company reduced their price objective on shares of Saia from $445.00 to $400.00 and set an "equal weight" rating for the company in a research note on Monday, July 29th. Stifel Nicolaus upgraded shares of Saia from a "hold" rating to a "buy" rating and dropped their target price for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Barclays cut their price target on shares of Saia from $575.00 to $515.00 and set an "overweight" rating on the stock in a report on Monday, July 29th. Finally, Raymond James lowered their price objective on Saia from $540.00 to $520.00 and set an "outperform" rating on the stock in a research report on Monday, June 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $488.87.

Saia Stock Performance

Shares of NASDAQ:SAIA traded down $3.36 during trading on Wednesday, hitting $371.34. The company's stock had a trading volume of 236,060 shares, compared to its average volume of 393,725. The company has a 50-day moving average of $430.42 and a 200-day moving average of $479.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 1.89 and a beta of 1.72. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million for the quarter, compared to analysts' expectations of $821.60 million. On average, sell-side analysts expect that Saia, Inc. will post 13.88 earnings per share for the current year.

About Saia

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.