Westfield Capital Management Co. LP Increases Stake in Saia, Inc. (NASDAQ:SAIA)

Westfield Capital Management Co. LP boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 303,582 shares of the transportation company's stock after purchasing an additional 31,991 shares during the quarter. Westfield Capital Management Co. LP owned about 1.14% of Saia worth $132,744,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after buying an additional 42 shares during the last quarter. Quarry LP purchased a new position in Saia during the second quarter valued at $41,000. International Assets Investment Management LLC bought a new stake in Saia in the 2nd quarter valued at $42,000. Paladin Wealth LLC purchased a new stake in Saia in the 3rd quarter worth $40,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock valued at $45,000 after purchasing an additional 83 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on SAIA. Citigroup boosted their target price on Saia from $534.00 to $651.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Wells Fargo & Company increased their target price on Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a research report on Thursday, September 5th. Stifel Nicolaus lowered shares of Saia from a "buy" rating to a "hold" rating and cut their target price for the company 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 price target on the stock in a research note on Wednesday, October 9th. Finally, Bank of America increased their price objective 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Saia has an average rating of "Moderate Buy" and an average price target of $506.00.

Saia Trading Down 1.4 %

Shares of NASDAQ SAIA traded down $7.50 during midday trading on Friday, hitting $541.69. The company's stock had a trading volume of 267,464 shares, compared to its average volume of 406,875. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $14.40 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.73. The business's 50 day moving average is $472.25 and its two-hundred day moving average is $440.50.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). The business 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 business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.67 EPS. As a group, equities research analysts expect that Saia, Inc. will post 13.54 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.