Victory Capital Management Inc. Has $82.51 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Victory Capital Management Inc. lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 19.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 188,694 shares of the transportation company’s stock after buying an additional 30,514 shares during the quarter. Victory Capital Management Inc.’s holdings in Saia were worth $82,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of SAIA. Capital Research Global Investors grew its position in Saia by 16.2% in the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares during the period. American Century Companies Inc. grew its position in Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares during the period. Allspring Global Investments Holdings LLC grew its position in Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after purchasing an additional 98,383 shares during the period. Clearbridge Investments LLC acquired a new stake in Saia in the 1st quarter valued at $27,733,000. Finally, International Assets Investment Management LLC grew its position in Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after purchasing an additional 38,827 shares during the period.

Saia Trading Down 1.6 %

Shares of Saia stock opened at $537.20 on Thursday. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The stock’s 50-day simple moving average is $455.88 and its 200 day simple moving average is $433.98. The stock has a market capitalization of $14.28 billion, a P/E ratio of 38.37, a P/E/G ratio of 3.15 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.67 earnings per share. As a group, research analysts anticipate that Saia, Inc. will post 13.54 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SAIA. Barclays lifted their price target on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price objective on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and dropped their price objective for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Finally, Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $506.00.

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.