TimesSquare Capital Management LLC Acquires 4,915 Shares of Saia, Inc. $SAIA

TimesSquare Capital Management LLC grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 4.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 121,315 shares of the transportation company’s stock after buying an additional 4,915 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Saia were worth $33,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Xponance Inc. lifted its position in shares of Saia by 1.8% during the first quarter. Xponance Inc. now owns 4,556 shares of the transportation company’s stock worth $1,592,000 after purchasing an additional 81 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in Saia by 55.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 26,224 shares of the transportation company’s stock worth $9,163,000 after purchasing an additional 9,393 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Saia by 29.1% during the 1st quarter. Venturi Wealth Management LLC now owns 870 shares of the transportation company’s stock worth $304,000 after buying an additional 196 shares in the last quarter. Madison Asset Management LLC lifted its holdings in Saia by 13.0% during the 1st quarter. Madison Asset Management LLC now owns 8,557 shares of the transportation company’s stock worth $2,990,000 after buying an additional 984 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in Saia by 13.1% in the 1st quarter. Wedbush Securities Inc. now owns 648 shares of the transportation company’s stock valued at $226,000 after buying an additional 75 shares during the last quarter.

Saia Stock Up 1.2%

Saia stock opened at $280.93 on Wednesday. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 12.90 and a beta of 2.07. The company’s 50 day simple moving average is $299.66 and its 200 day simple moving average is $288.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $587.86.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same quarter in the prior year, the firm earned $3.46 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAIA. Citigroup cut their price target on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Susquehanna set a $350.00 price objective on Saia in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a research note on Wednesday, October 8th. Raymond James Financial lowered their price target on shares of Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Finally, Stephens raised their price objective on shares of Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average price target of $337.67.

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.