American Century Companies Inc. Has $75.82 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

American Century Companies Inc. boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 347.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,853 shares of the transportation company's stock after buying an additional 124,117 shares during the quarter. American Century Companies Inc. owned approximately 0.60% of Saia worth $75,817,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. National Bank of Canada FI bought a new position in shares of Saia in the fourth quarter worth approximately $44,000. Principal Securities Inc. bought a new position in shares of Saia in the 4th quarter worth approximately $146,000. Envestnet Portfolio Solutions Inc. increased its holdings in Saia by 2.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,947 shares of the transportation company's stock worth $1,291,000 after acquiring an additional 60 shares in the last quarter. Norges Bank purchased a new stake in Saia during the 4th quarter valued at approximately $201,117,000. Finally, UBS Group AG grew its holdings in Saia by 45.2% during the 4th quarter. UBS Group AG now owns 33,065 shares of the transportation company's stock valued at $14,490,000 after buying an additional 10,297 shares in the last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA traded up $12.31 during midday trading on Friday, reaching $432.49. The company's stock had a trading volume of 221,851 shares, compared to its average volume of 315,473. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The company has a market capitalization of $11.50 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.98 and a beta of 1.74. 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 business's fifty day simple moving average is $415.01 and its 200-day simple moving average is $466.49.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $823.24 million for 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, equities research analysts expect that Saia, Inc. will post 13.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. Wells Fargo & Company increased their price target on Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 5th. Raymond James lowered their price target on 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 lowered their price target 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. Finally, Bank of America increased their target price on shares of Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $476.73.

Saia Company 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.