William Blair Investment Management LLC Makes New $109.09 Million Investment in Saia, Inc. $SAIA

William Blair Investment Management LLC bought a new position in Saia, Inc. (NASDAQ:SAIA) during the second quarter, Holdings Channel.com reports. The firm bought 259,020 shares of the transportation company’s stock, valued at approximately $109,089,000.

Other institutional investors also recently modified their holdings of the company. Vestor Capital LLC increased its position in shares of Saia by 9.5% during the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 28 shares during the last quarter. Parallel Advisors LLC boosted its position in Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after purchasing an additional 31 shares during the last quarter. Wealth Alliance LLC boosted its position in Saia by 5.1% in the first quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock worth $268,000 after purchasing an additional 37 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Saia by 0.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 8,858 shares of the transportation company’s stock valued at $3,731,000 after purchasing an additional 40 shares during the period. Finally, Boothbay Fund Management LLC grew its stake in Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after purchasing an additional 43 shares during the period.

Saia Stock Up 0.7%

SAIA stock opened at $362.15 on Friday. The stock has a fifty day moving average of $405.76 and a 200-day moving average of $407.34. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.62 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. The business had revenue of $956.49 million for the quarter, compared to analysts’ expectations of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.67 EPS. As a group, equities research analysts predict that Saia, Inc. will post 11.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAIA shares. Benchmark reaffirmed a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. TD Cowen cut their price target on shares of Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, July 31st. UBS Group decreased their price objective on shares of Saia from $527.00 to $504.00 and set a “buy” rating for the company in a report on Friday, July 31st. Raymond James Financial lowered their price objective on shares of Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Stephens dropped their target price on shares of Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $449.67.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.