Saia, Inc. (NASDAQ:SAIA) Position Increased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,401 shares of the transportation company's stock after purchasing an additional 1,519 shares during the quarter. Rhumbline Advisers owned about 0.28% of Saia worth $35,762,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SAIA. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 15,605 shares in the last quarter. Capital Research Global Investors lifted its position 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 worth $625,559,000 after purchasing an additional 149,074 shares in the last quarter. Artisan Partners Limited Partnership lifted its position 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 worth $358,206,000 after purchasing an additional 15,317 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Saia by 6.8% during the first 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 lifted its position in shares of Saia by 1.5% during the fourth quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company's stock worth $248,876,000 after purchasing an additional 8,599 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on SAIA. Susquehanna cut their price target on shares of Saia from $610.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, June 12th. Raymond James cut their price target on shares of Saia from $540.00 to $520.00 and set an "outperform" rating on the stock in a report on Monday, June 24th. Bank of America upped their price target on shares of Saia from $443.00 to $460.00 and gave the company a "buy" rating in a report on Thursday. BMO Capital Markets cut their price target on shares of Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a report on Monday, July 29th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $476.73.

Saia Stock Performance

Shares of Saia stock traded up $4.02 during trading on Friday, hitting $402.39. 341,442 shares of the stock were exchanged, compared to its average volume of 318,580. The stock's fifty day moving average is $419.86 and its 200 day moving average is $471.49. The stock has a market cap of $10.70 billion, a PE ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. 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 announced its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.00 by ($0.17). The company had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, sell-side analysts anticipate that Saia, Inc. will post 13.88 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.