Raymond James & Associates Increases Holdings in Saia, Inc. (NASDAQ:SAIA)

Raymond James & Associates boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIAGet Rating) by 103.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,057 shares of the transportation company’s stock after buying an additional 7,139 shares during the period. Raymond James & Associates owned approximately 0.05% of Saia worth $2,671,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in Saia by 157.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,500,405 shares of the transportation company’s stock valued at $658,076,000 after buying an additional 2,140,625 shares during the period. Vanguard Group Inc. boosted its stake in Saia by 1.5% during the first quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company’s stock valued at $641,815,000 after buying an additional 39,660 shares during the period. Capital International Investors boosted its stake in Saia by 10.2% during the first quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock valued at $386,089,000 after buying an additional 146,262 shares during the period. State Street Corp boosted its stake in Saia by 4.1% during the first quarter. State Street Corp now owns 896,627 shares of the transportation company’s stock valued at $218,616,000 after buying an additional 35,076 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Saia by 49.6% during the first quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock valued at $173,648,000 after buying an additional 236,105 shares during the period.

Saia Stock Up 3.5 %

Shares of NASDAQ:SAIA opened at $248.92 on Friday. Saia, Inc. has a 1 year low of $168.03 and a 1 year high of $304.48. The company has a market cap of $6.59 billion, a PE ratio of 18.42, a P/E/G ratio of 1.18 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s 50-day moving average is $230.10 and its 200 day moving average is $216.95.

Saia (NASDAQ:SAIAGet Rating) last announced its quarterly earnings results on Monday, October 31st. The transportation company reported $3.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.01). Saia had a net margin of 13.09% and a return on equity of 26.58%. The business had revenue of $729.56 million for the quarter, compared to analysts’ expectations of $718.75 million. Sell-side analysts anticipate that Saia, Inc. will post 13.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIA. Wolfe Research lowered Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. Bank of America lowered Saia from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $216.00 to $215.00 in a research note on Thursday, December 1st. Raymond James lifted their price target on Saia from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday. Susquehanna lowered Saia from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $250.00 to $220.00 in a research note on Monday, January 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Saia from $281.00 to $296.00 in a research note on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $246.14.

Saia Profile

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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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