GW&K Investment Management LLC Grows Stock Position in Saia, Inc. (NASDAQ:SAIA)

GW&K Investment Management LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 15.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 32,330 shares of the transportation company’s stock after acquiring an additional 4,222 shares during the period. GW&K Investment Management LLC owned about 0.12% of Saia worth $14,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SAIA. Allworth Financial LP increased its holdings in shares of Saia by 13.3% during the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 26 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Saia by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after buying an additional 29 shares during the last quarter. Park Place Capital Corp grew its position in Saia by 11.1% in the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 32 shares in the last quarter. Xponance Inc. boosted its holdings in Saia by 1.0% in the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after purchasing an additional 33 shares during the period. Finally, Axxcess Wealth Management LLC grew its holdings in Saia by 6.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 610 shares of the transportation company’s stock worth $267,000 after acquiring an additional 35 shares in the last quarter.

Insider Buying and Selling at Saia

In related news, Director John P. Gainor, Jr. acquired 500 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $407.00 per share, with a total value of $203,500.00. Following the acquisition, the director now directly owns 900 shares in the company, valued at $366,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SAIA shares. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. cut their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. BMO Capital Markets cut their target price on shares of Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a research note on Monday, April 29th. UBS Group decreased their price objective on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Wolfe Research cut 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 assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $497.22.

Saia Stock Down 1.5 %

Shares of SAIA traded down $5.88 during mid-day trading on Wednesday, hitting $373.64. 150,779 shares of the company traded hands, compared to its average volume of 340,930. The business has a 50 day moving average of $510.43 and a 200 day moving average of $482.45. Saia, Inc. has a 1-year low of $266.91 and a 1-year high of $628.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $9.94 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. During the same quarter in the previous year, the company earned $2.85 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts anticipate that Saia, Inc. will post 15.25 EPS for the current year.

Saia 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.