Saia, Inc. (NASDAQ:SAIA) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 31.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,495 shares of the transportation company’s stock after selling 36,165 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.30% of Saia worth $46,505,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. Contravisory Investment Management Inc. acquired a new stake in shares of Saia during the fourth quarter worth $26,000. Pineridge Advisors LLC acquired a new stake in Saia in the 4th quarter worth about $26,000. Core Wealth Advisors Inc. purchased a new stake in Saia in the 4th quarter valued at about $32,000. Rise Advisors LLC acquired a new position in shares of Saia during the 1st quarter valued at about $40,000. Finally, GAMMA Investing LLC purchased a new position in shares of Saia during the 4th quarter worth about $43,000.

Saia Stock Up 1.0 %

SAIA stock traded up $4.34 during midday trading on Friday, hitting $455.02. 271,247 shares of the company’s stock were exchanged, compared to its average volume of 322,046. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 1.61 and a beta of 1.72. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $432.90 and a 200-day moving average price of $489.93. Saia, Inc. has a 12-month low of $341.26 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 EPS. On average, analysts anticipate that Saia, Inc. will post 15.33 EPS for the current year.

Insider Buying and Selling

In other news, Director John P. Gainor, Jr. purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the transaction, the director now owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SAIA shares. Wells Fargo & Company began coverage on shares of Saia in a report on Friday, June 7th. They issued an “equal weight” rating and a $445.00 target price for the company. TD Cowen upped their price objective on Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a report on Thursday, June 6th. UBS Group reduced their target price on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Evercore ISI upped their price target on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 25th. Finally, Bank of America cut their price target on shares of Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $498.00.

About Saia

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.