Saia, Inc. (NASDAQ:SAIA) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA raised its position in Saia, Inc. (NASDAQ:SAIA) by 14.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,600 shares of the transportation company’s stock after purchasing an additional 9,100 shares during the quarter. Primecap Management Co. CA owned about 0.27% of Saia worth $33,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SAIA. Capital Research Global Investors increased its stake in shares of Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock valued at $403,275,000 after purchasing an additional 519,819 shares during the period. Norges Bank acquired a new stake in shares of Saia in the fourth quarter valued at approximately $201,117,000. American Century Companies Inc. increased its stake in shares of Saia by 347.3% during the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after acquiring an additional 124,117 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Saia during the first quarter valued at approximately $27,733,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after acquiring an additional 45,155 shares during the period.

Saia Trading Up 0.8 %

NASDAQ SAIA opened at $438.37 on Wednesday. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.98 and a beta of 1.74. The firm’s 50 day moving average price is $414.52 and its two-hundred day moving average price is $464.82.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The firm had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. Equities analysts anticipate that Saia, Inc. will post 13.92 EPS for the current year.

Analyst Ratings Changes

SAIA has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and lowered their price objective for the company from $526.00 to $475.00 in a research note on Friday, May 24th. Wells Fargo & Company raised their price objective on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Bank of America raised their price objective on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, TD Cowen raised their target price on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Hold” and a consensus price target of $476.73.

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.