Victory Capital Management Inc. Boosts Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Victory Capital Management Inc. lifted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,694 shares of the transportation company's stock after purchasing an additional 30,514 shares during the period. Victory Capital Management Inc. owned about 0.71% of Saia worth $82,508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SAIA. Fifth Third Bancorp raised its stake in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock worth $110,000 after buying an additional 22 shares during the period. LRI Investments LLC raised its stake in Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock worth $183,000 after acquiring an additional 24 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Saia by 3.9% during the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company's stock valued at $423,000 after purchasing an additional 27 shares in the last quarter. Legacy Wealth Asset Management LLC boosted 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 worth $337,000 after purchasing an additional 30 shares during the period. Finally, MJP Associates Inc. ADV increased its stake in shares of Saia by 5.6% in the second quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company's stock worth $313,000 after purchasing an additional 35 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several recent analyst reports. Susquehanna upped their target price on shares of Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a report on Wednesday, September 18th. BMO Capital Markets upped their price target on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research note on Monday, October 28th. TD Cowen lifted their price objective on shares of Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research report on Thursday, September 5th. Jefferies Financial Group upped their target price on shares of Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Barclays boosted their price target on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $506.00.

Saia Trading Up 1.0 %

Saia stock traded up $5.12 during mid-day trading on Thursday, hitting $542.32. The company's stock had a trading volume of 179,596 shares, compared to its average volume of 388,225. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day moving average of $455.88 and a 200-day moving average of $433.98. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The stock has a market cap of $14.42 billion, a PE ratio of 38.37, a P/E/G ratio of 3.15 and a beta of 1.73.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analysts' expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.67 EPS. On average, research analysts anticipate that Saia, Inc. will post 13.54 EPS for the current 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.