Saia, Inc. $SAIA Stock Bought by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 8.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 112,289 shares of the transportation company’s stock after buying an additional 8,884 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Saia were worth $37,475,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SAIA. BlackRock Inc. boosted its holdings in Saia by 6.6% in the second quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock valued at $1,072,160,000 after purchasing an additional 156,628 shares during the period. State Street Corp increased its holdings in Saia by 3.4% during the 2nd quarter. State Street Corp now owns 854,398 shares of the transportation company’s stock worth $359,862,000 after purchasing an additional 28,397 shares during the period. First Trust Advisors LP increased its holdings in Saia by 8.6% during the 1st quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock worth $282,529,000 after purchasing an additional 63,486 shares during the period. Jupiter Topco LLC purchased a new stake in Saia during the 2nd quarter worth about $140,979,000. Finally, William Blair Investment Management LLC purchased a new stake in Saia during the 2nd quarter worth about $109,089,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group reduced their price target on Saia from $527.00 to $504.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “buy” rating and set a $476.00 price objective on shares of Saia in a research report on Thursday, July 30th. Bank of America restated a “buy” rating on shares of Saia in a research note on Friday, September 4th. Evercore raised shares of Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Finally, Stifel Nicolaus decreased their price target on shares of Saia from $438.00 to $423.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Saia Trading Down 0.0%

NASDAQ:SAIA opened at $334.69 on Thursday. The stock has a 50-day simple moving average of $349.28 and a 200-day simple moving average of $399.88. The stock has a market cap of $8.93 billion, a P/E ratio of 33.65, a P/E/G ratio of 2.70 and a beta of 2.19. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. 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 released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%. The business had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. During the same quarter in the prior year, the business posted $2.67 EPS. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, analysts anticipate that Saia, Inc. will post 11.42 earnings per share for the current fiscal year.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its primary business is less-than-truckload (LTL) freight transportation, serving shippers whose shipments do not require a full truck. Through its Saia LTL Freight subsidiary, the company provides regional and interregional freight services, including standard, expedited and time-definite delivery options.

Saia also provides third-party logistics services through Saia Logistics Services. These offerings can include the coordination of truckload, LTL, intermodal and other transportation solutions, allowing customers to manage a broader range of shipping needs through one provider.

The company traces its history to 1924, when it began operations in Louisiana.