Victory Capital Management Inc. Raises Stake in Saia, Inc. (NASDAQ:SAIA)

Victory Capital Management Inc. boosted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,180 shares of the transportation company's stock after acquiring an additional 14,696 shares during the period. Victory Capital Management Inc. owned 0.59% of Saia worth $75,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAIA. Benjamin F. Edwards & Company Inc. bought a new stake in Saia during the 4th quarter worth approximately $58,000. National Bank of Canada FI bought a new stake in Saia during the 4th quarter worth approximately $44,000. Charles Schwab Investment Management Inc. raised its stake in Saia by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 208,711 shares of the transportation company's stock worth $91,461,000 after acquiring an additional 2,801 shares during the period. Principal Securities Inc. bought a new stake in shares of Saia during the fourth quarter valued at approximately $146,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Saia by 2.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,947 shares of the transportation company's stock valued at $1,291,000 after buying an additional 60 shares during the last quarter.

Saia Trading Up 1.0 %

NASDAQ SAIA traded up $4.02 on Friday, hitting $402.39. 341,442 shares of the stock were exchanged, compared to its average volume of 318,580. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day moving average price of $419.86 and a two-hundred day moving average price of $470.95. The firm has a market capitalization of $10.70 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $823.24 million for the quarter, compared to analysts' expectations of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. Research analysts forecast that Saia, Inc. will post 13.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the topic of several recent analyst reports. 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 report on Thursday. Barclays reduced their price objective on shares of Saia from $575.00 to $515.00 and set an "overweight" rating on the stock in a research report on Monday, July 29th. Raymond James reduced their price objective on shares of Saia from $540.00 to $520.00 and set an "outperform" rating on the stock in a research report on Monday, June 24th. BMO Capital Markets reduced their price objective on shares of Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a research report on Monday, July 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a research report on Thursday. Two 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 MarketBeat, Saia currently has a consensus rating of "Hold" and an average target price of $476.73.

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.