Primecap Management Co. CA Purchases 9,100 Shares of Saia, Inc. (NASDAQ:SAIA)

Primecap Management Co. CA boosted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 14.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,600 shares of the transportation company's stock after buying an additional 9,100 shares during the period. Primecap Management Co. CA owned approximately 0.27% of Saia worth $33,485,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in shares of Saia by 5.7% in the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company's stock worth $226,000 after buying an additional 21 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock valued at $110,000 after purchasing an additional 22 shares in the last quarter. LRI Investments LLC grew its position in shares of Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock valued at $183,000 after purchasing an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Saia by 3.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company's stock worth $423,000 after purchasing an additional 27 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Saia by 1.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company's stock worth $1,742,000 after purchasing an additional 30 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays dropped their price objective on Saia from $575.00 to $515.00 and set an "overweight" rating for the company in a research report on Monday, July 29th. Evercore ISI boosted their price objective on shares of Saia from $523.00 to $566.00 and gave the company an "outperform" rating in a research report on Tuesday, June 25th. Bank of America upped their price objective on shares of Saia from $443.00 to $460.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. TD Cowen lifted their target price on shares of Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a research note on Thursday, September 5th. Finally, Stifel Nicolaus upgraded Saia from a "hold" rating to a "buy" rating and cut their price target for the company from $526.00 to $475.00 in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $479.07.

Saia Price Performance

NASDAQ SAIA traded up $5.92 during trading on Wednesday, reaching $444.29. 332,663 shares of the company traded hands, compared to its average volume of 391,948. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 1.98 and a beta of 1.74. The stock's 50 day moving average price is $414.52 and its two-hundred day moving average price is $463.83. 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 (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (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 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, analysts anticipate that Saia, Inc. will post 13.92 EPS 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.