Capital Group Private Client Services Inc. Increases Stake in Saia, Inc. (NASDAQ:SAIA)

Capital Group Private Client Services Inc. grew its stake in Saia, Inc. (NASDAQ:SAIA) by 15.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,332 shares of the transportation company’s stock after buying an additional 4,069 shares during the quarter. Capital Group Private Client Services Inc. owned 0.11% of Saia worth $17,744,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIA. Pineridge Advisors LLC acquired a new stake in shares of Saia during the 4th quarter worth about $26,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia during the 4th quarter worth about $32,000. Rise Advisors LLC acquired a new stake in shares of Saia during the 1st quarter worth about $40,000. GAMMA Investing LLC acquired a new stake in shares of Saia during the 4th quarter worth about $43,000. Finally, National Bank of Canada FI acquired a new position in Saia during the fourth quarter worth approximately $44,000.

Saia Price Performance

SAIA traded down $92.68 during trading on Friday, reaching $396.43. 2,671,948 shares of the stock were exchanged, compared to its average volume of 394,637. The business’s 50 day moving average price is $447.41 and its two-hundred day moving average price is $492.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 1.72 and a beta of 1.72. Saia, Inc. has a 1 year low of $341.26 and a 1 year high of $628.34.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The firm had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. As a group, equities research analysts anticipate that Saia, Inc. will post 15.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John P. Gainor, Jr. bought 500 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on SAIA. Susquehanna cut their price target on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Wells Fargo & Company began coverage on Saia in a research report on Friday, June 7th. They set an “equal weight” rating and a $445.00 price target on the stock. Raymond James cut their price target on Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and cut their price target for the stock from $526.00 to $475.00 in a research report on Friday, May 24th. Finally, Wolfe Research lowered Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $502.18.

Saia Company 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.