Segall Bryant & Hamill LLC Buys 4,135 Shares of Saia, Inc. (NASDAQ:SAIA)

Segall Bryant & Hamill LLC raised its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,896 shares of the transportation company's stock after buying an additional 4,135 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.09% of Saia worth $10,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SAIA. American Century Companies Inc. lifted its position in shares of Saia by 347.3% during the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company's stock worth $75,817,000 after purchasing an additional 124,117 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock worth $17,016,000 after purchasing an additional 38,827 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Saia by 67.2% during the second quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company's stock worth $37,603,000 after purchasing an additional 31,876 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Saia by 15.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company's stock worth $111,648,000 after purchasing an additional 31,397 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on SAIA. Jefferies Financial Group lifted their price objective on Saia from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Bank of America lifted their price objective on Saia from $443.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, September 5th. Wolfe Research upgraded Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 target price on the stock in a research note on Wednesday, October 9th. BMO Capital Markets lifted their target price on Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a research note on Monday, October 28th. Finally, Stephens lifted their target price on Saia from $481.00 to $515.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $506.00.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $7.50 on Friday, hitting $541.69. The company had a trading volume of 267,460 shares, compared to its average volume of 386,354. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The business has a 50 day moving average of $470.07 and a 200 day moving average of $439.04. The company has a market cap of $14.41 billion, a PE ratio of 39.13, a PEG ratio of 2.84 and a beta of 1.73.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.67 EPS. As a group, equities analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current fiscal year.

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.