Segall Bryant & Hamill LLC Grows Stock Position in Saia, Inc. (NASDAQ:SAIA)

Segall Bryant & Hamill LLC lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 55.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,224 shares of the transportation company’s stock after acquiring an additional 9,393 shares during the period. Segall Bryant & Hamill LLC owned 0.10% of Saia worth $9,163,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Saia by 2.3% during the 4th quarter. HighTower Advisors LLC now owns 3,462 shares of the transportation company’s stock valued at $1,578,000 after acquiring an additional 77 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares during the period. Madison Investment Advisors LLC acquired a new stake in shares of Saia during the fourth quarter worth $3,451,000. Commonwealth Equity Services LLC grew its holdings in shares of Saia by 4.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,614 shares of the transportation company’s stock valued at $1,191,000 after buying an additional 109 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Saia by 5.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,488 shares of the transportation company’s stock valued at $1,590,000 after purchasing an additional 169 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SAIA shares. Morgan Stanley set a $250.00 price objective on Saia in a report on Friday, April 25th. Susquehanna decreased their price objective on Saia from $540.00 to $410.00 and set a “neutral” rating for the company in a report on Monday, March 31st. Stephens lowered Saia from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $515.00 to $255.00 in a report on Tuesday, April 29th. Stifel Nicolaus set a $277.00 price target on Saia in a research report on Monday, April 28th. Finally, Raymond James Financial set a $310.00 price objective on Saia and gave the company an “outperform” rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $338.26.

Saia Price Performance

Shares of Saia stock opened at $291.65 on Friday. The firm has a market cap of $7.77 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 9.86 and a beta of 1.98. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. The firm’s 50-day simple moving average is $275.13 and its 200-day simple moving average is $355.01.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. Saia’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.38 earnings per share. As a group, research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Saia 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.