Saia, Inc. $SAIA Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its stake in Saia, Inc. (NASDAQ:SAIA) by 15.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,400 shares of the transportation company’s stock after selling 17,201 shares during the quarter. Jennison Associates LLC’s holdings in Saia were worth $25,043,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd grew its holdings in Saia by 1,518.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 17,370 shares of the transportation company’s stock valued at $4,759,000 after purchasing an additional 16,297 shares during the period. Bessemer Group Inc. grew its holdings in Saia by 8.6% in the second quarter. Bessemer Group Inc. now owns 414,596 shares of the transportation company’s stock valued at $113,595,000 after purchasing an additional 32,683 shares during the period. MQS Management LLC purchased a new stake in Saia in the second quarter valued at approximately $202,000. State of New Jersey Common Pension Fund D grew its holdings in Saia by 2.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 9,369 shares of the transportation company’s stock valued at $2,567,000 after purchasing an additional 198 shares during the period. Finally, AlphaQuest LLC purchased a new stake in Saia in the second quarter valued at approximately $41,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stephens boosted their target price on shares of Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. UBS Group boosted their target price on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a report on Wednesday, October 8th. Barclays boosted their target price on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Susquehanna upgraded shares of Saia from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $340.00 to $360.00 in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $339.83.

Saia Trading Up 2.2%

Shares of SAIA opened at $283.47 on Friday. The stock’s 50-day moving average is $302.75 and its two-hundred day moving average is $291.24. The stock has a market cap of $7.55 billion, a PE ratio of 26.17, a P/E/G ratio of 12.90 and a beta of 2.00. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. 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 (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.Saia’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.46 EPS. Equities analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.