Allspring Global Investments Holdings LLC Acquires 15,978 Shares of Saia, Inc. (NASDAQ:SAIA)

Allspring Global Investments Holdings LLC grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 11.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 152,243 shares of the transportation company’s stock after buying an additional 15,978 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Saia were worth $72,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in SAIA. Vanguard Group Inc. grew its position in shares of Saia by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after purchasing an additional 15,605 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Saia by 16.2% during 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 acquiring an additional 149,074 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Saia by 1.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock worth $358,206,000 after purchasing an additional 15,317 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after purchasing an additional 45,155 shares during the last quarter. Finally, Wasatch Advisors LP raised its stake in Saia by 1.5% in the fourth quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company’s stock valued at $248,876,000 after purchasing an additional 8,599 shares in the last quarter.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research reports. Benchmark cut their price target on shares of Saia from $575.00 to $480.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Bank of America increased their target price on Saia from $501.00 to $555.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Susquehanna dropped their price target on Saia from $610.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, June 12th. Wells Fargo & Company reduced their price objective on Saia from $445.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. Finally, Raymond James dropped their target price on Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $488.87.

Saia Stock Performance

NASDAQ:SAIA opened at $374.70 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The business has a 50 day moving average price of $432.07 and a 200-day moving average price of $480.06. The firm has a market cap of $9.96 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.89 and a beta of 1.72.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The firm had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. Equities research analysts predict that Saia, Inc. will post 13.88 earnings per share 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.