Congress Asset Management Co. Has $119.91 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Congress Asset Management Co. lowered its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,222 shares of the transportation company's stock after selling 4,737 shares during the period. Congress Asset Management Co. owned approximately 1.03% of Saia worth $119,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Diversify Wealth Management LLC increased its position in Saia by 13.4% during the third quarter. Diversify Wealth Management LLC now owns 1,564 shares of the transportation company's stock worth $646,000 after purchasing an additional 185 shares during the last quarter. Hunter Associates Investment Management LLC raised its stake in Saia by 14.0% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 6,551 shares of the transportation company's stock valued at $2,855,000 after purchasing an additional 804 shares during the last quarter. State of Alaska Department of Revenue increased its position in Saia by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,085 shares of the transportation company's stock valued at $1,348,000 after acquiring an additional 205 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Saia by 45.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company's stock valued at $311,000 after buying an additional 225 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its position in shares of Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock valued at $337,000 after purchasing an additional 30 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAIA. TD Cowen lifted their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a "hold" rating in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Saia from $479.00 to $481.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and cut their price target for the stock from $440.00 to $437.00 in a report on Monday, October 21st. Wolfe Research raised shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group decreased their target price on shares of Saia from $510.00 to $490.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $492.00.

Saia Trading Down 0.6 %

SAIA traded down $2.72 during trading on Thursday, hitting $488.61. 259,648 shares of the stock traded hands, compared to its average volume of 390,010. The firm has a 50-day moving average of $427.95 and a 200 day moving average of $434.18. Saia, Inc. has a 12-month low of $354.32 and a 12-month high of $628.34. The firm has a market capitalization of $12.99 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 2.21 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.67 EPS. Equities research analysts anticipate that Saia, Inc. will post 13.88 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.